Allocational efficiency is the efficient allocation of resources that leads to maximum overall satisfaction in the economy.
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Performance management helps managers monitor and evaluate employees' work and align it with the company's goals.
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A subsidiary is a company that is more than 50% owned by another company. The owner is usually referred to as the parent company or holding company.
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After the Fed's latest rate hike, which may not have been its last, we search for points of weakness and areas of continued strength in the markets with Kenny Polcari. "Irrational exuberance" makes a return as a catchphrase. Is 2023 really like 1996?
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min )
Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
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U.S. equities advanced at midday on Monday, July 31, 2023, heading for a winning month on strong earnings and easing inflation.
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A target rate is a key interest rate that a central bank targets to guide monetary policy.
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The bipartisan bill taps into the public’s overwhelming support for banning stock trading among members of Congress and top White House officials.
( 19
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Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.
( 20
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The SEC's recent enforcement push seeks to protect cryptocurrency investors.
( 26
min )
The world's largest retailer by revenue, Walmart, doubled down on its India bet by increasing its stake in Flipkart, an Indian e-commerce player.
( 18
min )
Onsemi beat estimates on profit, sales, and guidance on increased demand for its automotive and industrial chips. Shares hit an all-time high on the news.
( 16
min )
Student loan borrowers facing the resumption of payments on federally-held loans in October can now apply for a new kind of repayment plan that offers lower monthly payments.
( 18
min )
Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.
( 17
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Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.
( 17
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Bond funds dominated first-half 2023 global investment flows as investors reached for rising yields, while those same higher yields caused jitters that led to outflows in other asset classes.
( 18
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The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.
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Overlay refers to an asset management style that uses software to harmonize an investor's separately managed accounts, preventing inefficiencies and ensuring strategies are implemented and coordinated correctly.
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A conditional prepayment rate is an estimate of the percentage of a loan pool's principal that is likely to be paid off prematurely.
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A reservation of rights letter is provided to the insured party indicating that a claim may not be covered under the policy.
( 18
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How to take short positions on Chinese stocks using long and short exchange traded funds.
( 18
min )
Long-term care insurance coverage provides for the care of people over age 65 or with a chronic or disabling condition who need constant care.
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Free cash flow (FCF) represents the cash a company can generate after accounting for capital expenditures needed to maintain or maximize its asset base.
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Find out more about collateralized mortgage obligations and mortgage-backed securities and the difference between the two asset-backed securities.
( 18
min )
Voodoo economics is a popular phrase first used by then-presidential candidate George H.W. Bush to cast doubt on Ronald Reagan's economic policy proposals.
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Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.
( 19
min )
Discover how bonds are traded as investment securities and understand the various terms used in bond trading, including par value and market price.
( 22
min )
A bond's yield to maturity is the total interest it will earn, while its spot rate is the price it is worth at any given time in the bond markets. Here's why a bond's spot rate fluctuates even though its interest rate is set.
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Understand the differences between the Sharpe ratio and the Sortino ratio, two risk-adjusted returns on investment calculations, and when to use each one.
( 19
min )
Net operating income and operating cash flow are different metrics used in measuring the financial viability of an investment or a company.
( 18
min )
If you're going to invest in ETFs, you should know the intricacies of expense ratios.
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Forbearance is a form of repayment relief involving temporarily postponing loan payments, typically for home mortgages or student loans.
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Equity market and stock market are synonymous. They refer to the exchanges on which shares of public companies are bought and sold.
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When the employees you interact with at your bank, credit card company, mortgage lender, or other financial institution seem incapable of or unwilling to resolve your complaint, the Consumer Financial Protection Bureau's process may help you get a better result.
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QUIDS are tradable debt securities issued in small denominations with long securities and quarterly coupon payments.
( 21
min )
Advice for couples on the best ways to manage their student debt before and after they get married.
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Het Amerikaanse bedrijf Micromobility.com is van plan een bod uit te brengen op de fietsenfabrikant VanMoof. Het Amsterdamse bedrijf werd twee weken geleden failliet verklaard.
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Het is druk bij binnenspeeltuinen en andere indoorattracties. Door het slechte weer kiezen meer mensen voor een activiteit waarbij zij niet nat worden.
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Het is druk bij binnenspeeltuinen en andere indoorattracties. Door het slechte weer kiezen meer mensen voor een activiteit waarbij zij niet nat worden.
( 3
min )
Pierre Cardin dreigt een forse boete te krijgen. Volgens de Europese Commissie heeft het Franse modehuis concurrentieregels geschonden door het merk alleen te verkopen aan specifieke EU-landen en klanten.
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De prijzen van onze boodschappen blijven ook de komende maanden op een hoog niveau. Consumenten gaan daardoor steeds creatiever inkopen doen. Ze kiezen vaker voor huismerken en kopen hun producten bij discounters of andere prijsvechters.
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Facebook-eigenaar Meta moet gegevens van een anonieme Facebook-gebruiker overhandigen aan een man die door deze persoon beschuldigd is van grensoverschrijdend gedrag. Dat oordeelde de rechtbank Den Haag in een kort geding dat de man tegen Meta aanspande.
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Door een verkeerde afstelling heeft NASA geen contact meer met zijn ruim 45 jaar oude Voyager 2. Vanwege een foutje wijst de antenne van de ruimtesonde niet langer naar de aarde en komen gegevens niet aan.
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Volkswagen moet een schadevergoeding van 1.500 euro betalen aan een eigenaar van een tweedehands auto met sjoemelsoftware, oordeelde de rechter maandag. Het is voor het eerst dat het bedrijf moet betalen voor een tweedehands model.
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Heggen, eeuwenoude bomen, velden vol orchideeën en overal wandelpaden langs graanakkers en schapenweiden. In het natuurrijke landschap van Engeland wonen 434 inwoners per vierkante kilometer. Dat zijn er meer dan in Nederland. Kunnen we daar iets van leren?
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Het Verenigd Koninkrijk verleent meer dan honderd nieuwe olie- en gasvergunningen aan bedrijven voor de winning van brandstoffen in de Noordzee. De Britse regering wil op die manier energieonafhankelijker worden.
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De inflatie komt deze maand uit op 4,6 procent. De prijzen stijgen gemiddeld minder hard dan in de maanden hiervoor, al is dat aan de kassa niet te merken.
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Heineken heeft in de eerste helft van 2023 minder bier verkocht. Het bedrijf verhoogde de prijzen, maar kon daarmee een lagere winst niet voorkomen.
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De omzet van supermarkten was in juni 12 procent hoger dan een jaar eerder. Ze verkochten iets minder producten, maar door de prijsstijgingen kwam er toch meer geld binnen.
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De inflatie komt deze maand uit op 4,6 procent. De prijzen stijgen gemiddeld minder hard dan in de maanden hiervoor, al is dat aan de kassa niet te merken.
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Diverse seinen voor de economie stonden de afgelopen tijd op rood. Het aantal faillissementen stijgt, bedrijven durven nauwelijks nog te lenen en ze maken steeds minder. Moeten we ons zorgen maken?
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(Bloomberg) -- The creator of crypto token Hex illegally used millions of dollars of investor funds to buy a 555-carat black diamond known as “The Enigma,” according to the US Securities and Exchange Commission.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsWhy China’s Miracle Growth Story May Be Coming to an EndWall Street Holds Bac
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The latest word from the big cloud-computing vendors about their plans for AI spending has made Bernstein more upbeat about the chipmaker's prospects.
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Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.
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We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu
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Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.
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Just this past April, the company warned of liquidity problems, saying there was “substantial doubt about its ability to continue as a going concern.”
( 31
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Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.
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(Bloomberg) -- Morgan Stanley’s Michael Wilson, one of the few Wall Street strategists to see last year’s equities rout coming, has been among the market’s leading pessimists throughout 2023. But on Monday, after months of soaring stocks, he changed his tone and now sees the rally running further. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on Bo
( 8
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Shares of ON Semiconductor rose early Monday, leading the the S&P 500's advancers and supporting an index of chip stocks in morning trading.
ON's stock was recently up roughly 2.5%. The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, said it is targeting third-q
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The entrepreneur's divisive rebrand of Twitter has already wiped billions off its value, and now the very symbol of the company is deemed a potential hazard for public safety.
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min )
Adobe upgraded, Salesforce downgraded: Wall Street's top analyst calls
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(Bloomberg) -- SoFi Technologies Inc. shares rose the most in almost a year after the online bank raised its revenue guidance, citing benefits from deposit growth and lower funding costs on loans.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyStocks Waver as Risk Appetite Cools; Yen
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min )
The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
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min )
The logistics company J.B. Hunt Transport Services is ordering 13 trucks from the EV start-up. Investors are pleased.
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min )
Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday.
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Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.
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The rising adoption of electric vehicles has been a boon for chipmakers like Onsemi and NXP Semiconductors. Onsemi said in May it was considering investing over $2 billion to boost the production of silicon carbide chips used to extend the range of EVs. "Our brownfield capacity expansion is creating an opportunity for Onsemi to gain share in silicon carbide by capitalizing on the rapidly accelerating demand for electrification and renewable energy," Onsemi's CEO Hassane El-Khoury said in a statement.
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min )
CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing.
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min )
Analysts are bullish on software company MicroStrategy (MSTR), which reports earnings for the second quarter after the market close on Tuesday, and it’s all thanks to the many bitcoin (BTC) it holds.
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min )
Oppenheimer analyst Christopher Glynn bumped shares of General Electric to the equivalent of Hold from Buy.
( 26
min )
“Let’s go to court and find out what the court says.”
( 8
min )
Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.
( 26
min )
Crude prices are on track for their biggest one-month advance since January last year, as traders brace for cuts by Saudi Arabia and Russia to tighten supplies.
Brent crude futures, the global oil benchmark, have risen 13% in July to about $85 a barrel. The rally has snapped oil out of a monthslong
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Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply, a Reuters poll showed on Monday. U.S. crude was seen averaging $77.20 a barrel in 2023, down from the previous month's $78.38 forecast, and $78.25 in 2024. "We expect the impact of high interest rate levels to start curbing economic growth more strongly over H2 2023," data and analytics firm Kpler said, maintaining "a comparatively bearish view on the market".
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min )
Wedbush's Daniel Ives suggests looking past iPhone sales and backing Apple stock on a likely acceleration in services revenue in 2024.
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min )
Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings.
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The regulator reportedly wanted Coinbase to cease trading all cryptocurrencies except Bitcoin prior to its legal action against the exchange.
( 7
min )
Amazon investors are looking for updates on the tech giant's cloud business, ad revenue growth and signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers. Investors want to know how Amazon Web Services (AWS), the company's cloud provider, stands up against Microsoft and Google's, which both on Tuesday reported slowed growth in their cloud businesses in the quarter ending in June 30. Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs.
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Today's business landscape requires totally different set of skills, Andrew Liveris writes in his new book.
( 7
min )
(Bloomberg) -- The US Treasury is set this week to begin a ramp-up in issuance of longer-dated securities that’s likely to stretch into next year, forced by a rapidly deteriorating budget deficit and soaring interest rates.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States S
( 9
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Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.
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(Bloomberg) -- Adobe Inc.’s blistering rally has further to go, according to Morgan Stanley analyst Keith Weiss, who sees the creative software maker’s shares adding a further 25% over the next year.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States Sour on Israel in Blow to
( 7
min )
SoFi Technologies is scheduled to post earnings on Monday, while reports from Apple and Amazon are set for later in the week. Walmart, meanwhile, boosts its stake in India's Flipkart, according to The Wall Street Journal.
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min )
↗️ Palantir (PLTR): The data-mining company's shares gained roughly 5% ahead of the opening bell. The stock surged 10% Friday, boosted by an analyst note that said it was poised to be a major player in the artificial-intelligence revolution.
↘️ [**
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min )
(Bloomberg) -- European stocks edged lower as the weakest corporate earnings season since 2020 outweighed optimism that interest rates were potentially peaking. Heineken NV slumped after the brewer cut earnings forecast as its price increases drove consumers away from its brands.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sour
( 32
min )
Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
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min )
(Bloomberg) -- Equities in Asia rose Monday following a rally on Wall Street as investors embraced fresh signs that inflation is easing further. Chinese stock gauges led gains on expectations of more government stimulus. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sou
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min )
The Swiss National Bank on Monday posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion) as interest rate hikes by other central banks dented the value of its massive bond holdings. The SNB lost 8.08 billion francs on its foreign currency positions of 742 billion francs as bond prices fell as investors feared more interest rate hikes by the U.S. Federal Reserve, European Central Bank and others. The Swiss central bank also lost 3.14 billion francs on its gold holdings in the three months to the end of June, as lower prices cut the value of the 1,040 tonnes of the precious metal it holds.
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For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of China's economy, yet developers' debts are sliding deeper into distressed territory, with repayment problems mounting while sales crumble. When the Politburo signalled that there would be changes to real estate policy, along with other measures to boost an economy, it ignited the biggest one-day buying spree in China's stock markets since 2021.
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min )
The cash piles households built up during the lockdowns and government stimulus of 2020-2021 have long been touted by analysts and central bankers as a reason economies could avoid a deep recession. U.S. excess savings have fallen to around $500 billion from around $2.1 trillion in August 2021, the San Francisco Federal Reserve estimates. In Europe, Deutsche Bank reckons excess savings in Sweden, struggling to contain a property slump, have dwindled.
( 33
min )
The S&P 500 could end the year near its all-time high, given strong market sentiment and the current economic landscape, according to DataTrek.
( 26
min )
The stock has doubled this year, and the fintech's second-quarter earnings report may indicate whether that wild run was warranted.
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min )
(Bloomberg) -- The world’s biggest shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsBodegas Put on Notice as Visa Fights Back on
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min )
Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown.
( 7
min )
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong.
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min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoidi
( 7
min )
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Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.
( 19
min )
(Bloomberg) -- Chinese stocks rose from Monday’s open, extending last week’s gains, on increasing signs Beijing is determined to shore up growth with measures supporting weaker parts of the economy. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists Aren’t Buyin
( 30
min )
(Bloomberg) -- Production has plummeted at Australia’s first lithium hydroxide refinery, operated by Tianqi Lithium Corp., extending a run of setbacks in the country’s attempt to move into battery metal refining.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists
( 7
min )
Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape.
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min )
“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that earnings e
( 10
min )
The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats
( 18
min )
(Bloomberg) -- Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bon
( 9
min )
(Bloomberg) -- In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card Surcharg
( 33
min )
Water rights pertain to the legal rights of property owners to access and use bodies of water adjacent to lands they hold.
( 19
min )
Student loan debt reached $1.77 trillion in 2023 and the Supreme Court has taken steps to prevent it from being eliminated. Here's who owes what and why.
( 26
min )
Stellar, which shares similarities with Ripple, is a low-cost, open-source, distributed ledger platform.
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min )
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a series of federal regulations passed to prevent future financial crises.
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min )
Air cargo insurance protects a buyer or seller of goods being transported through the air from damage, loss, and, in some cases, even shipment delays.
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min )
A war exclusion clause in an insurance policy excludes coverage for acts of war, such as invasions, revolutions, military coups, and terrorism.
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min )
A Pell Grant is a non-repayable federal subsidy awarded to students for post-secondary education, based on financial need.
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min )
These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau. See which lender had the worst record.
( 27
min )
Read on to find out how 529 plans are eligible for use as a way to pay off a portion of your student loans.
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min )
The International Monetary Fund (IMF) is an international organization that promotes global financial stability, encourages international trade, and reduces poverty.
( 25
min )
Most cryptocurrencies like bitcoin, XRP, and ether are traded via centralized exchanges. Here's how.
( 22
min )
Federal student loans can be subsidized or unsubsidized. Both types have to be paid back with interest, but the government makes some interest payments on subsidized loans.
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min )
Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
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min )
Difference in conditions insurance provides expanded coverage for some perils that are not covered by standard insurance policies.
( 18
min )
There are many reasons why it's important to have the right amount of life insurance. Don't let these simple errors leave you unprotected.
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min )
Term life insurance and universal life insurance have different term lengths and costs to consider. Universal also has a cash value component, which term life does not.
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min )
Reproduction cost refers to the costs involved with reproducing an asset or property with same specifications as insured property based on current prices.
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min )
A cedent is a party in an insurance contract who passes the financial obligation for certain potential losses to the insurer.
( 19
min )
An inverse head and shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends.
( 22
min )
Morgan Stanley raised is global market forecast for weight-loss drugs sales by 43% to $77 billion annually by 2030—or almost $10 a year for every person on Earth.
( 18
min )
Kim Kardashian's Skims is now worth $4 billion. Kardashian owns a 35% stake in the shapewear brand, making up most of the reality star's $1.7 billion net worth.
( 21
min )
Most states require drivers to carry a certain amount of auto insurance and to be able to prove it if they’re pulled over by police or in an accident.
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min )
Cost-sharing reductions are a type of federal subsidy distributed as discounts that help reduce out-of-pocket costs for health care expenses.
( 21
min )
A first-time homebuyer may qualify for special benefits and even tax breaks. And the definition of a first-time homebuyer may surprise you.
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min )
One other note, you can find me on TechCrunch's Equity podcast, a place where I will show up on a semi-regular basis, including this episode that came out Friday! The announcement runs contrary to what newly appointed CEO David Risher has told reporter Rebecca Bellan in past interviews. Risher, who is known as a big supporter of ebikes, did say the company planned to focus on its core ride-hailing business and become profitable, but it didn't seem like the two-wheeled share service was on the chopping block.
( 10
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Si
( 31
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Si
( 7
min )
Walmart has paid $1.4 billion to buy out a large investor in Flipkart, further cementing its control of the Indian e-commerce giant, the Wall Street Journal reported on Sunday.
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Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall. With remote working now routine for many office-based firms and consumers habitually shopping online, cities like London, Los Angeles and New York are bloated with buildings local populations no longer want or need.
( 32
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BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.
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Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday. Yellow, formerly called YRC Worldwide, did not immediately respond to a Reuters request for comment. Earlier this month Yellow averted a threatened strike by 22,000 Teamsters-represented workers and last week it said it was exploring opportunities to divest its third-party logistics company.
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(Bloomberg) -- Chinese firms are lining up to invest in South Korea’s battery industry because they want to use it as a gateway to the US market, undermining the Biden administration’s efforts to limit China’s involvement in the electric car supply chain. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sen
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Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
( 25
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Michael Gibson, who worked for Thiel for five years, made the claim in his book "Paper Belt on Fire: The Fight for Progress in an Age of Ashes."
( 7
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MI5 investigated an attempted Chinese takeover of the British satellite company OneWeb before Boris Johnson’s government rescued the company with £400m in taxpayer money, documents have revealed.
( 32
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Stock markets have long moved to their own drummer, responding to forces that are sometimes quite different than what we expect. For investors, the key to success is to figure out just what force – or combination of forces – is going to impact the markets next. In a recent report from the UK-based Chatham House think tank, economy and finance program director Creon Butler points to climate change as the next market game-changer. In fact, Butler sees climate issues causing a sharp market correcti
( 10
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How would you handle early retirement? Instead of having years of investment and growth left, what if you had to start living on your retirement accounts tomorrow? More importantly, what if you had no choice in the matter? A financial advisor can help you prepare for life’s curveballs, including forced retirement. Find a fiduciary advisor […] The post Study Says 40% of Workers Forced Into Early Retirement: Here’s How to Stay Ahead of the Curve appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- US stock market traders are almost completely fearless now, which has some strategists bracing for a possible selloff. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteThe S&P 500 Index has gained 19% this year, pushing investors off the sidel
( 33
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Investors are no longer happy with big price increases paired with volume declines.
( 25
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UCLA researchers studied 2,500 companies to determine which could reap the most benefit from the productivity gains generative AI enables.
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(Bloomberg) -- A $2.6 billion deal announced last week has set the stage for a potentially landmark shift in the metal and mining investment landscape: the arrival of Saudi Arabia as a pivotal player. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteThe agre
( 34
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Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest rates and easing inflation.
( 25
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The industry is trying to rebound from years of losses owing to storms, fires and inflation.
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Cash-like investments are offering their highest rates since 2001, offsetting rising interest costs.
( 26
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AI, artificial intelligence, has come into its own in recent years. Machine learning technology has found its way into a wide range of day-to-day activities, from internet searching to marketing and advertising to just driving down the highway. Artificial intelligence promises to change the way that we interact with the world and with computers, and the launch of ‘generative AI,’ embodied in real-language chatbots like ChatGPT, shows just how close that promise is. The emergence of any new techn
( 35
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It was a dire warning. Chancellor Kwasi Kwarteng was told in no uncertain terms last September that his financial war chest was evaporating.
( 33
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla is knocking on India’s door; Stellantis and rivals come together to challenge Tesla's charging-standard dominance; and an electrifying alliance between Volkswagen and Xpeng.
( 8
min )
Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers back in China.
( 25
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: een montagesysteem dat het mogelijk maakt om zonnepanelen op veel meer daken te krijgen.
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In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: een montagesysteem dat het mogelijk maakt om zonnepanelen op veel meer daken te krijgen.
( 5
min )
Israël gaat 24,5 miljard euro investeren in uitbreiding van het spoornetwerk. Dat maakte de Israëlische premier Benjamin Netanyahu zondag bekend.
( 3
min )
Pinnen in vreemde valuta, geld opnemen met je creditcard of een gang naar het wisselkantoor kunnen meer geld kosten dan nodig. Tenzij je goed oplet. Pin dus niet direct naast het Louvre en let op waarvoor je je creditcard gebruikt.
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Frankrijk wil een betere toegang tot de Chinese markt en ook een "evenwichtigere" handelsrelatie met het land. Dat heeft de Franse minister van Financiën Bruno Le Maire gezegd na gesprekken met hoge Chinese functionarissen, onder wie vicepremier He Lifeng.
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Oekraïne heeft komende winter voldoende energie om woningen te verwarmen en de lichten te laten branden, ondanks de zware Russische aanvallen op belangrijke energie-infrastructuur in het land. Dat heeft de Oekraïense energieminister German Galjoesjenko gezegd in een interview.
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Bruiloften met tweehonderd gasten zijn niet langer de norm, zien weddingplanners. Bruidsparen kiezen er steeds vaker voor om verre familieleden en kennissen thuis te laten. Geld is niet het voornaamste motief.
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Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
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Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
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Hey, friends, welcome to Week in Review (WiR), TechCrunch’s roundup of the week in tech news. This week, WiR covers the improving quality of AI porn generators and the ethical dilemmas they raise; Twitter rebranding to "X"; and hackers infecting Call of Duty with self-spreading malware. Elsewhere, we dive into a North Korean hacking group, foreign Chinese visitors' newfound ability to go cashless, and the rollout of Sam Altman's Worldcoin eyeball-scanning crypto project.
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(Bloomberg) -- Bets on a bond-market rally aren’t in the clear just yet.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99Federal Reserve Chair Jerome Powell on Wednesday appeared to give traders the positive signal they’ve been waiting for — that the central
( 33
min )
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has been stalled by a standoff with the Teamsters union.
( 27
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(Bloomberg) -- The great credit tightening is finally approaching on both sides of the Atlantic, if the latest surveys of bankers are anything to go by. Most Read from BloombergThe Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteChina’s Push to Expand BRICS Membership FaltersBodegas Put on Notice as Visa Fights Back on Card SurchargesTraders Are Risking It All on Bets That Market Boom Will LastAfter delivering a fresh interest-rate hike Wednesday, Federal Reser
( 33
min )
Canary Wharf is at its emptiest since 2005, according to new analysis, compounding fears over the future of the financial district as big names continue to abandon their offices.
( 31
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Amazon and Microsoft have warned that their investment in Britain is threatened by moves to loosen their stranglehold on the £15bn cloud computing market, in the latest escalation of tensions between regulators and Big Tech.
( 8
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(Bloomberg) -- All the chatter back in December was that 2023 was to be the “year of the bond.” And for a brief moment or two in the winter, that call — and the economic doom-and-gloom that underpinned it — looked right.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteChina’s Push to Expand BRICS Membership FaltersIt is
( 32
min )
(Bloomberg) -- The world’s largest payment network is making changes to how it deals with merchants who want to charge customers extra when paying with a credit card.Most Read from BloombergThe Pizza That’s Taking Over the USLargest US Grid Declares Emergency Alert For July 27China’s Push to Expand BRICS Membership FaltersTraders Are Risking It All on Bets That Market Boom Will LastSpaceX Falcon Heavy Rocket Deploys Massive SatelliteIn recent months, Visa Inc. lowered the maximum amount retailer
( 9
min )
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This method of identifying the cost basis of the stocks you buy and sell can help you pay less in capital gains taxes.
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(Bloomberg) -- With the Federal Reserve nearing the end of its most disruptive monetary-tightening campaign in a generation, a softening US dollar is poised to boost profit growth for nearly half of the companies in the S&P 500 Index over the next year. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99SpaceX
( 33
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Boaz Weinstein’s Saba Capital has been buying up shares in three closed-end funds.
( 25
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A new study shows more than half of the 115,000 new semiconductor manufacturing jobs created this decade could go unfilled.
( 19
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If you're saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research … Continue reading → The post This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds appeared first on SmartAsset Blog.
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Fact-Checked by: Jeff White | Edited by: Mike Obel The prospect of investing a large sum of money can be both exhilarating and daunting. With the right approach, there’s a potential for significant wealth growth, but there’s also inherent risk involved. The importance of sound asset diversification and risk management can’t be overstated. They can […] The post How to Invest Large Sums of Money appeared first on SmartReads by SmartAsset.
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Many people dream of owning a chunk of land and putting their dream house on it. Maybe you fantasize about pulling out all the stops and designing a home with every feature you've ever wanted. Well, to make that dream, … Continue reading → The post How to Buy Land and Build Your Dream House appeared first on SmartAsset Blog.
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The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.
( 10
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(Bloomberg) -- As Bitcoin roars back after a year of crypto industry scandals and losses, Mike Novogratz says one man in particular gives him reason to stay bullish.Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive Satellite“The most important thing that happened this
( 33
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C.F. Martin & Co. in Pennsylvania, established nearly 200 years ago, is adjusting to a changing economy.
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Toy company Mattel, the maker of Barbie dolls, reported a surprise profit in the second quarter, as the success and promotional impact of the box office hit Barbie offset lower toy sales.
( 19
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The U.S. is on the verge of facing significant challenges as negotiations between UPS workers and the parcel courier's management remain unresolved. If an agreement isn't reached, approximately 340,000 employees could go on strike next month, resulting in widespread consequences for the nation. The last UPS strike in 1997 had far-reaching effects. With the company's operations slowing to a near standstill, other shipping carriers like FedEx Corp. and the U.S. Postal Service struggled to manage t
( 31
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Passive bond funds have beaten active managers since the U.S. central bank started tightening interest rates.
( 25
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The cloud software provider has kept sales growth strong, setting up a big AI upsell.
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Some companies thrived after changing their name, but other's quickly made a U-turn when the response went sour. Questions remain if Twitter's renaming to X will succeed.
( 20
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“My biggest concern is that there’s insufficient urgency,” the billionaire tells energy executives.
( 26
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(Bloomberg) -- Europe’s car and chemical makers are at risk of losing competitiveness to China and the US as both industries face persistently high energy costs during the transition to cleaner fuels, according to the head of one of the continent’s leading ports.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USChina’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway
( 6
min )
Though earnings dipped last quarter, oil giants together added $14 billion in profits to their cash piles and are hunting for potential acquisitions.
( 26
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Florida has long had hurricanes. But climate change is kicking in, the population of the state is growing, and private insurers are leaving the state. The result: skyrocketing premiums and costly litigation.
( 26
min )
Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
( 25
min )
An act of God is a phrase used to describe an event outside of human control, such as a natural disaster.
( 21
min )
The bond market can be broken down into three main groups: issuers, underwriters, and purchasers. Learn what each set of players is responsible for.
( 22
min )
Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
( 23
min )
A cost-of-living adjustment (COLA) is made to Social Security and Supplemental Security Income to adjust benefits to counteract the effects of inflation.
( 24
min )
Learn what the major factors are that can lead to changes in a company's dividend payouts and drive increases in dividends per share.
( 21
min )
A lien is an encumbrance, but not all encumbrances are liens. Learn about the distinction between these two property rights.
( 19
min )
The dividend discount model (DDM) is only as good as your assumptions make it. Learn how this model can work for you in valuing stocks.
( 22
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When a CD reaches its maturity date, you have a few options. In this guide, we'll take you through them.
( 22
min )
A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.
( 27
min )
Certificates of deposit (CDs) and savings accounts are two ways to earn interest on your savings. Here's how to decide which is right for you.
( 24
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A holding company is a company that owns other companies and oversees their operations but exists solely to operate those subsidiaries.
( 25
min )
Mortgage servicing rights (MSR) allow a third party to purchase rights to service their mortgages.
( 21
min )
How blockchain ETFs work and the risks associated with such theme-based investments.
( 21
min )
This method of identifying the cost basis of the stocks you buy and sell can help you pay less in capital gains taxes.
( 23
min )
A new study shows more than half of the 115,000 new semiconductor manufacturing jobs created this decade could go unfilled.
( 19
min )
Toy company Mattel, the maker of Barbie dolls, reported a surprise profit in the second quarter, as the success and promotional impact of the box office hit Barbie offset lower toy sales.
( 18
min )
Employers looking for the best talent must be efficient and open to negotiating, according to Robert Half survey results.
( 17
min )
SEC Form 10 is a filing with the SEC used to register a class of securities in preparation for potential trading on U.S. exchanges.
( 21
min )
A vendor take-back mortgage is when the buyer borrows funds from the seller to help finance the purchase of the property.
( 20
min )
Some companies thrived after changing their name, but other's quickly made a U-turn when the response went sour. Questions remain if Twitter's renaming to X will succeed.
( 20
min )
Unlike stocks, most bonds are traded over the counter (OTC) in secondary market rather than through exchanges due to their diversity and difficulty in listing current prices.
( 21
min )
The Dow Jones Industrial Average (DJIA) aims to reflect the stock market by tracking the titans of U.S. industry. What did that mean in 1896?
( 19
min )
Farmaceut Johnson & Johnson mag een faillissementszaak niet gebruiken om tienduizenden mensen onder druk te zetten om een schikking van omgerekend 8 miljard euro te accepteren. Dat heeft een Amerikaanse rechter bepaald.
( 4
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Adidas gaat opnieuw een deel van de spullen die voortkwamen uit de samenwerking met Ye verkopen. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper.
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Adidas gaat opnieuw een deel van de spullen verkopen die voortkwamen uit de samenwerking met Kanye West. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper, die inmiddels door het leven gaat als Ye.
( 3
min )
De Europese Unie heeft de financiële hulp aan Niger stopgezet vanwege de militaire staatsgreep in het land. Een generaal wierp zich vrijdag op als de nieuwe leider van het land.
( 4
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Het Internationaal Monetair Fonds gaat Argentinië omgerekend zo'n 6,8 miljard euro lenen. Dat geld is bedoeld om het noodlijdende land economisch gezien op de been te houden nu Argentinië in de aanloop naar de verkiezingen waarschijnlijk weer een turbulente periode tegemoetgaat.
( 4
min )
Formule 1-fans zijn nog niet te laat als ze nog een overnachting in Zandvoort willen boeken voor tijdens het raceweekend van over minder dan een maand. Verschillende campings en vakantieparken hebben in het laatste weekend van augustus nog plek.
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Formule 1-fans zijn niet te laat om een overnachting te boeken tijdens het raceweekend over minder dan een maand in Zandvoort. Verschillende campings en vakantieparken hebben in het laatste weekend van augustus nog plek.
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min )
The debt-laden freight carrier dismissed parts of its sales force, business staff and IT workers as it prepares a bankruptcy filing.
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A New Jersey bankruptcy judge threw out the second chapter 11 case that Johnson & Johnson filed to resolve its mass talc liabilities, again shutting down the healthcare-product company’s plan to achieve an $8.9 billion settlement.
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Analysts weigh in on Alphabet, Meta Platforms, Sherwin-Williams, Boeing, RTX Corp., and FS KKR Capital.
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min )
The Liberty Media cluster of companies is dauntingly complicated for investors. Now may be the right time to get in.
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A judge in Florida on Friday refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize the governor's takeover of Disney World’s governing district. The judge in state court in Orlando denied Disney's motion in the lawsuit that says the company wrongly stripped appointees of powers over design and construction at Disney World when it made agreements with predecessors, who were supporters. The case is one of two lawsuits stemming from the takeover, which was retaliation for the company’s public opposition to the so-called Don’t Say Gay legislation championed by DeSantis and Republican lawmakers.
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Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines. The post Container shipping giant CMA CGM still earning over billion a quarter appeared first on FreightWaves.
( 32
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(Bloomberg) -- Natural gas tycoon Charif Souki has put his sprawling Colorado ranch into bankruptcy in order to repay lenders he alleges undermined earlier attempts to retire his personal debt and tanked the value of Tellurian Inc.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeChina’s Push to Expand BRICS Membership FaltersSubway Offers Free Sandwiches That Com
( 7
min )
A pair of money managers offer some of their favorite small-cap stocks, from snack foods to bearings to airplane leasing. They’re relatively cheap and poised to outperform many of the large-caps.
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Apple, Inc (NASDAQ: AAPL) was rising about 1.6% on Friday, continuing to trek mostly north within a rising channel pattern, which Benzinga called out on July 19. The Cupertino, California-based company’s pattern is bullish, at least for the short-term. Apple is also trading in an inside bar pattern, indicating a period of consolidation, which is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on larger time frames (four-hour
( 8
min )
(Bloomberg) -- After more than a decade, New York Community Bancorp has finally won over JPMorgan analysts.Most Read from BloombergThe Pizza That’s Taking Over the USLargest US Grid Declares Emergency Alert For July 27China’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway Offers Free Sandwiches That Come With a Lifetime CommitmentThis year the regional bank scooped up the failed Signature Bank’s deposits and lured six privat
( 7
min )
(Bloomberg) -- Industrial shares are on a tear, junk-bond spreads are narrowing, quants are ramping up Treasury shorts and everyone is piling into stocks.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersWall Street Rekindles Risk-On ‘Goldilocks’ Trade: Markets WrapWhat once was a posture of skepticis
( 8
min )
The stock rallied on Friday in response to the chip maker's financial results but analysts foresee near-term pressures.
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min )
Market moves this week offer a chance for investors to scoop up some attractive names following selloffs.
( 26
min )
During earnings season, some investors must decide whether to await earnings reports before purchasing shares of stocks they've been monitoring, while others contemplate whether it's better to hold or sell the stocks they already own before the reports are released. One ironic thing about Wall Street's reaction to earnings is that sometimes whether a company beats or misses estimates holds more significance than whether the actual earnings — or funds from operations (FFO) for most real estate in
( 32
min )
After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. Yellow, formerly known as YRC Worldwide Inc., is one of the nation's largest less-than-truckload carriers.
( 8
min )
Alcoa is out of favor on Wall Street, and it’s getting worse. The stock has slid right along with sentiment. Shares are down about 30% over the past 12 months, while the S&P 500 is up 13%.
( 26
min )
(Bloomberg) -- Dell Technologies Inc. Co-Chief Operating Officer Chuck Whitten is resigning next month as the hardware giant grapples with a historic slowdown in computer demand.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersS&P 500 Up 1% as ‘Goldilocks’ Data Embolden Bulls: Markets Wrap“After disc
( 7
min )
Wedbush analyst Dan Ives picked up coverage of the company with an Outperform rating and a $25 target price.
( 26
min )
The stock was down by a double-digit percentage after the company said it would cut shipments to counter rising inventory in its sales channels.
( 26
min )
Block upgraded, Southwest downgraded: Wall Street's top analyst calls
( 33
min )
It’s no secret that the big gains in the stock market this year have been on account of only a select number of equities surging ahead – namely, the Mega Caps, and mostly ones with AI exposure. While that has raised concerns among market watchers that the rally is not really as strong as it appears and masks a more fragile market, Sharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, disagrees with such a prognosis. In fact, Mossavar-Rahmani thinks that if history is
( 10
min )
A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.
( 44
min )
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Inflation as measured by the personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday. The annual core PCE price index rose 4.6% in May.
( 6
min )
It’s a merger Friday, and that means payday for shareholders of Reata Pharmaceuticals.
Shares of Reata, which specializes in developing drugs to treat rare neurologic diseases, are up 51% in premarket trading. Biogen announced it [plans to acquire Reata](https://www.wsj.com/articles/biogen-to-buy-r
( 22
min )
Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.
( 26
min )
XPeng shares caught another upgrade following this week's announcement of a new partnership with Volkswagen. T
( 26
min )
The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases.
( 24
min )
Biogen will acquire Reata for $172.50 a share in cash, expanding its portfolio of neuromuscular disease treatments.
( 26
min )
Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.
( 26
min )
(Bloomberg) -- Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit — the longest decline since the 2014-2016 oil-market crash — amid weaker natural gas prices and shrinking returns from fuel sales. Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27Subway Offers Free Sandwiches That Come With a Lifetime CommitmentBOJ Sends Yields Soaring With Surprise Change to Rate LimitHawkish Tone in Japan Is All It Takes to Rattle Global Market
( 9
min )
Biogen said it would buy biotech firm Reata Pharmaceuticals for roughly $6.5 billion to expand its presence in the rare disease drugs market. Biogen will pay $172.50 per share in cash, which represents a 58.9% premium to Reata's last closing price. It expects to finance the acquisition with cash on hand, supplemented by the issuance of term debt, Biogen said.
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min )
The car maker reported earnings per share of 78 cents and an operating profit of $3.8 billion. Wall Street was looking for 54 cents and $3.2 billion, respectively.
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min )
"I’m a long-term optimist, but we gotta face these issues," Jamie Dimon says in a wide-ranging interview with Louisville Business First.
( 19
min )
Exxon Mobil Corp on Friday reported a 56% slump in second-quarter profit, joining rivals hurt by a sharp drop in energy prices but delivering results in line with an earnings preview the oil major released earlier this month. Chevron Corp, Shell and TotalEnergies have reported profit falls of 48%, 56% and 49%, respectively. Yet excluding last year's record second quarter, Exxon posted its strongest result for the months of April to June in more than a decade, helped by cost cuts and the sale of less profitable assets.
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min )
Procter & Gamble Co beat analysts' estimates for quarterly sales on Friday, as the consumer goods giant benefited from multiple price hikes and resilient demand for its cleaning products, paper towels and other household products. The Tide detergent maker's fourth-quarter net sales rose to $20.55 billion, from $19.52 billion a year earlier. Analysts on average had expected $19.98 billion, according to IBES data from Refinitiv.
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Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped.
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min )
Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make the economics of residential solar less attractive. Shares of rival SolarEdge Technologies Inc, which is expected to report results on August 1, slid 6.3%.
( 7
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Exxon Mobil Corp joined its rivals reporting a 56% slump in second quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month. Oil majors' profits fell sharply in the quarter from record levels a year earlier as oil and gas prices came off last year's highs that were driven by Russia's invasion of Ukraine. Profits at Chevron Corp, Shell and TotalEnergies shrank by 48%, 56%, 49% in the quarter, respectively.
( 8
min )
Intel stock climbed Friday after its revenue forecast beat expectations but there are still concerns about competition from Nvidia and AMD for data-center chips.
( 26
min )
The investing factor behind Warren Buffett’s success is due for a strong run—or is it?
( 25
min )
Intel reports a surprise second-quarter profit, Ford delays its electric-vehicle production goals, Roku posts a narrower-than-expected loss, and Enphase Energy's revenue forecast misses expectations.
( 26
min )
Investors in a high tax bracket can lock in an effective after-tax yield of 5% to 7% in very safe securities.
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min )
France's Atos raised its full-year organic revenue growth target on Friday, pointing to improving commercial traction and high demand, even as its half-year sales came slightly below expectations. The IT consultancy group expects its 2023 organic revenue to be in line with last year's or to rise by up to 2%, compared to its prior range of -1% to 1%. Its revenue for the six months through June was 5.5 billion euros ($6 billion), below the 5.57 billion euros expected by analysts polled by Refinitiv Eikon.
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(Bloomberg) -- The Bank of Japan jolted financial markets by loosening its grip on bond yields in Governor Kazuo Ueda’s first surprise move since taking the helm, a step that will likely spur talk of potential policy normalization to come. The yen whipsawed to give back some of its earlier sharp gains against the dollar.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worr
( 8
min )
A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.
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"He virtually came close to saying there's balanced risks out there," Siegel said of Powell.
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min )
The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing.
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min )
Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging stock in search of those sweet gains is understandable. However, anyone familiar with the ins and outs of investing will repeatedly say that overused mantra: ‘buy low, sell high.’ In recognizing that low price, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking o
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min )
(Bloomberg) -- (This story was originally published on March 29. Bank of Japan policymakers meet today, with investors speculating that they will loosen their tight grip on interest rates.)Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilie
( 35
min )
Understand how split-dollar life insurance plans between an employer and employee are designed and about their tax regulations.
( 22
min )
Subprime is a classification of borrowers with tarnished or limited credit histories. Subprime loans are perceived as riskier, so lenders charge higher interest rates on them.
( 22
min )
The Dow Jones recovered from yesterday’s selloff to gain 0.5% as investors hoped that slowing inflation would end Fed rate hikes.
( 17
min )
U.S. equities rallied on Friday, July 28, 2023 after a report showing inflation cooled in June, and the S&P 500 rose 1%.
( 17
min )
Biogen said it was buying Reata Pharmaceuticals for $7.3 billion, expanding its rare disease treatment portfolio.
( 16
min )
Find out how the largest speculative attempt to corner the market went awry.
( 20
min )
Explore the differences between the market price and net asset value of an exchange-traded fund (ETF). Learn more about the factors that affect each.
( 22
min )
The Index of Consumer Sentiment jumped 11% from June to July, hitting its highest since October 2021.
( 17
min )
The demise of cable TV has been written about for many years but cable continues to hang on. This article discussed why cable is faced with these issues.
( 18
min )
A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly capital gains taxes.
( 26
min )
Need to know the difference between real estate tax and property tax? These terms seem the same and may be used interchangeably but they differ
( 22
min )
Wages and salaries for private-sector workers grew 1% in the second quarter of 2023, the smallest increase since the second quarter of 2021.
( 18
min )
A reverse mortgage can be a lifeline or a hazard to a homeowner's financial security.
( 19
min )
Markets bounced back at midday on Friday, July 28, 2023 from yesterday's selloff and were heading for a winning week on the latest report showing inflation easing.
( 16
min )
Procter & Gamble exceeded earnings and revenue estimates on higher prices, though the company warned macroeconomic challenges could impact its fiscal 2024 results.
( 16
min )
A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
( 21
min )
Exxon Mobil became the latest big energy company to post sinking profit and sales because of lower oil and gas prices.
( 16
min )
A subprime mortgage—now known as nonprime mortgages—is a type of loan granted to those who would not be able to qualify for conventional home mortgages.
( 25
min )
Find out how the Kohl's credit card works and how shoppers can generate bigger savings throughout the year as a Kohl's cardholder.
( 23
min )
If you have permanent life insurance, more of your insurance premium goes to cash value in the early years of your policy. Find out how cash value increases over time.
( 24
min )
If you have federal student loans, you have several repayment options. An IDR plan allows you to make payments based on your income and family size, ensuring you pay what you can afford.
( 22
min )
Forex traders can see substantial benefits from capital gains in the form of a small pip profit over time, but with considerable leverage, a single pip can result in a hefty return.
( 22
min )
A surprise earnings beat for Intel gave investors hope that the chipmaker can mount a recovery after two quarters of losses.
( 18
min )
Learn more about how the income and substitution effects operate in economics and how to separate either of these while calculating the price effect.
( 22
min )
De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.
( 4
min )
Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.
( 3
min )
De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.
( 3
min )
De inflatie in Duitsland en Frankrijk is in juli iets afgenomen. Dat betekent dat de prijzen minder sterk zijn gestegen. Maar in dit tempo duurt het nog even voordat de inflatie in die landen op de gewenste 2 procent zit.
( 3
min )
Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.
( 3
min )
Toen Instagram met een alternatief kwam voor Twitter openden binnen een week 100 miljoen mensen een account. Maar ruim de helft van hen gebruikt de dienst al niet meer, zei Meta-directeur Mark Zuckerberg donderdag in een bijeenkomst met werknemers.
( 4
min )
WhatsApp brengt een nieuwe functie uit die gebruikers snel laat reageren met een videobericht. Dat gaat volgens de makers op dezelfde manier als bij een spraakbericht, maar dan met beeld.
( 3
min )
Het bedrijf Tupperware is in een week tijd ruim drie keer zoveel geld waard geworden. Beleggers hebben opeens veel hoop op een ommekeer bij het bedrijf dat in de afgelopen jaren steeds minder Tupperware-bakjes verkocht.
( 3
min )
KLM zag zijn inkomsten de afgelopen maanden groeien door hogere prijzen en doordat passagiers vaker voor luxere zitplaatsen kozen. Daarmee compenseerde het bedrijf de schade van het schrappen van Transavia-vluchten.
( 4
min )
IKEA bestaat vrijdag 80 jaar en is alweer 45 jaar aanwezig in ons land. Het Zweedse woonwarenhuis blijft door het unieke assortiment mateloos populair. Het is dan ook een ijzersterk merk, zeggen deskundigen.
( 3
min )
SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale's strategy to unlock more value from its nickel and copper assets, given expectations for soaring demand for the metals from the electric vehicle market. A joint venture formed by Saudi Arabian Mining Co (Ma'aden) and the country's Public Investment Fund (PIF) will acquire 10% of Vale's base metal unit, while U.S. investment firm Engine No. 1 will acquire 3%.
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The bank hasn't explained why person-to-person payments, bill processing and account-transfer services went down for parts of two days this week. But observers suspect glitches in its legacy systems could occur at other financial institutions and increasingly affect real-time payment networks.
( 10
min )
Faced with skyrocketing housing prices and rising interest rates, homeowners are searching for home equity lines of credit (HELOCs) at record rates, according to an analysis of Google search data. Searches for “HELOC” skyrocketed 305% so far this year, according to the analysis commissioned by California-based luxury real estate firm RubyHome. “Homeowners that bought a few years ago at lower prices and lower interest rates can feel trapped,” RubyHome CEO Tony Mariotti. “If they’ve considered buy
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min )
(Bloomberg) -- It didn’t take much to scare American investors who’ve been pushing risk assets higher for the better part of a year.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesNews that Japanese policy makers a
( 32
min )
(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving and a long-awaited comeback may be underway.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, Companies
( 8
min )
(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesLargest US Grid Declares Emergency Alert For
( 7
min )
Chip maker had recorded two consecutive quarters of record losses
( 26
min )
Vanguard, the world's second-largest asset manager, expects the Federal Reserve to maintain a hawkish stance by either keeping interest rates elevated for longer than what the market is pricing or by tightening monetary conditions even further. Global Head of Fixed Income Group Sara Devereux said on Thursday the probability of another interest rate increase by the Fed this year stood at 50%. "We don't think they're going to cut rates anytime soon ... the Fed may have more work to do."
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min )
Shares are up again, brushing off news about investigations, service issues, and range problems. Is there a problem lurking for the Bulls?
( 26
min )
The card companies have defied worry about an economic slowdown. The only thing that seems able to slow them down is Congress.
( 35
min )
Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of this method. “Reports like this only serve to further fuel the view that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association. It also
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min )
Illumina’s contentious acquisition of cancer test maker Grail brought billionaire Carl Icahn to the company’s doorstep.
( 20
min )
Shares of Cambridge biotech Mersana Therapeutics is in free-fall after its cancer drug unexpectedly failed in a clinical trial.
( 11
min )
Expectations have been coming down for the oil giant's financial results, something that could set shares up for a gain if it can beat the lowered bar.
( 26
min )
AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone. The post UPS shippers may face double-digit rate increases in wake of contract appeared first on FreightWaves.
( 8
min )
The board of directors of Brazilian state-run oil company Petrobras is set to meet on Friday to discuss its new dividend policy and a potential share buyback program, newspaper Valor Economico reported on Thursday. Executives at the firm previously said the new dividend policy was being prepared by a working group and expected to be voted on by the end of this month, with its second-quarter dividends likely to be already based on the new policy. Petrobras did not immediately respond to an emailed request for comment.
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There’s no doubt that bulls have been left somewhat disappointed by Chipotle’s quarter. Still, there may be a reason for investors to buy the stock on the dip.
( 26
min )
Shares of electric-vehicle battery start-up QuantumScape are soaring following the company's earnings report. But earnings aren't the reason for the stock surge.
( 26
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Southwest Airlines Stock Drops Despite Record Quarterly Revenue
( 18
min )
Boeing is still losing money, even as Wall Street warms up to the stock as the outlook for commercial aerospace improves. Losses aren't great. At least cash flow isn't a problem.
( 26
min )
MaxLinear terminated its deal to buy Silicon Motion on Wednesday, hours after the unexpected news that Chinese regulators had approved the merger.
( 26
min )
Get ready for long-term gains – that’s the message from Bank of America. In a recent note, the bank lays out just why it believes that the S&P 500 will hit 5,000 by next year. That would represent a gain of about 9.5% from current levels. The bank’s chief equity technician, Stephen Suttmeier, sees the market in a secular bull phase – that is, a long-term upward trend lasting one or two decades. In his view, the secular trend started back in 2013 and is likely to hold until the latter years of th
( 11
min )
America’s telecoms incumbents are in a funk
( 32
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Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.
( 27
min )
The European Central Bank’s latest policy statement didn’t change very much from June’s. But the absence of one verb from the policy announcement was quickly noticed by investors, sending ripples through European markets.
The ECB’s July statement said interest rates “will be set” at sufficiently re
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min )
(Bloomberg) -- Royal Caribbean Cruises Ltd. rose Thursday after raising its full year profit forecast to a level that significantly beat expectations, as demand for its cruises is increasing.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentPowell Has Stopped Handing Gifts to Wall Street on Fed DayFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo After Judge Questions TermsMitch McConnell Freezes at Start o
( 7
min )
Meta Platforms upgraded, Estee Lauder downgraded: Wall Street's top analyst call
( 9
min )
How Social Security income is taxed depends on how much income you have from other sources. Here are the 2022 IRS limits for individual and joint filers.
( 11
min )
Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
( 11
min )
Annuities are a form of hybrid financial product. Part investment and part contract, they're primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading → The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.
( 10
min )
Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for … Continue reading → The post Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income appeared first on SmartAsset Blog.
( 9
min )
Cancer-fighting drugs Revlimid and Pomalyst drive a sales shortfall in the second quarter.
( 26
min )
Amid overall strong results, Crocs downgraded its sales outlook for Hey Dude for the full-year.
( 8
min )
The company reported more sales and a smaller loss than expected. It said it achieved early success in its Canadian launch of the Bed Bath & Beyond brand.
( 26
min )
Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business. Aviation suppliers, such as Honeywell and General Electric, have gained from faster-than-expected rebound in air travel, which has driven demand for parts and services. Sales at Honeywell's aerospace business, which counts Boeing and Airbus as customers, were up 16% on an organic basis in the second quarter.
( 6
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AbbVie on Thursday raised its annual profit forecast after beating analysts' estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments. Global Humira sales tumbled 25.2% to $4.01 billion compared with analysts' expectations of $3.94 billion, according to Refinitiv data. Humira's sales trajectory is on the top of investors' minds following the entry of multiple copycat versions of one of the world's biggest selling drugs in the U.S. market.
( 7
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The car company reports on Thursday evening. Auto investors have a lot of issues weighing on their minds.
( 26
min )
Southwest Airlines said second-quarter earnings dropped 10% to $683 million as labor costs soared, offsetting record revenue at the start of the peak summer travel season. The company predicted record revenue and another profit in the third quarter, but warned of even stronger cost pressure.
( 7
min )
Southwest Airlines stock tumbled ahead of the open Thursday as the low-cost carrier said it expected revenue per available seat mile to fall in the third quarter.
( 26
min )
Drugmaker Bristol Myers Squibb said on Thursday its second-quarter sales fell more than expected and cut its full-year forecast as two of its top drugs, blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition. Bristol Myers is in the midst of a leadership change, with CEO Giovanni Caforio expected to step down in November to be succeeded by Chief Operating Officer Christopher Boerner. Revlimid sales were $1.47 billion in the quarter, compared with analyst expectations of $1.67 billion, Bristol said, citing generic erosion as well as an increase in patients receiving free product from the company's patient assistance foundation.
( 7
min )
Honeywell reports earnings of $2.23 a share from sales of $9.1 billion. Wall Street was looking for earnings of $2.21 on sales of $9.2 billion.
( 26
min )
Refiner Valero Energy Corp reported a slump in second-quarter profit as improved fuel supplies and slowing economic activity compressed margins. Valero said total refinery throughput volumes averaged 2.96 million barrels per day in the quarter, roughly same as last year.
( 6
min )
The largest domestic U.S. airline expects revenue per available seat mile (RASM) to fall between 3% and 7% in the third quarter, while capacity is expected to be up about 12%. However, Southwest expects the quarter to be profitable and operating revenue to hit a record. The airline attributed the fall in RASM, a proxy for pricing power, to tough comparisons from a boom in travel demand last year.
( 7
min )
Defensive stocks aren't just for bear markets. That's the reminder Morningstar gives investors in a recent market analysis. "After providing a cushion to investor portfolios during the bear market of 2022," Morningstar’s Jülide Sengil writes, "defensive stocks have lagged the broader market as stocks rebounded this year. The good news for long-term investors looking for opportunities […] The post The Stock Market Is Up, But Morningstar Says Now Is the Time to Invest in These Assets appeared firs
( 9
min )
The oil giant's second-quarter earnings show a steep 56% year-over-year fall in profit.
( 26
min )
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift.
( 28
min )
Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.
( 27
min )
(Bloomberg) -- Shell Plc’s second-quarter profit fell from the highs seen last year but the company pledged extra share buybacks and raised its dividend. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference, Returns LaterThe r
( 32
min )
Wall Street is worried about the risk that surging demand for artificial-intelligence chips could divert spending from traditional processors.
( 26
min )
As prices surged in the West following Russia’s invasion of Ukraine, Vladimir Putin was confident enough about the health of his own economy to gloat.
( 9
min )
There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.
( 27
min )
A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan.
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min )
Student loans are available from both the federal government and private lenders. Federal student loans have more flexible repayment options.
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min )
Eli Lilly said that two Phase 3 trials of its weight-loss drug tirzepatide showed patients lost 26.6% of their body weight on average, more than competitors.
( 17
min )
The top nationwide rate on a money market account rose today to 5.21%, up from 5.06% APY. You can also find other options above 5.00% in our daily money market rankings.
( 18
min )
The dollar-cost averaging approach helps investors avoid market timing but they give up some potential for higher returns.
( 19
min )
The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.
( 17
min )
Federal banking regulators have proposed rules aimed at making the banking system more stable, but it comes with trade-offs.
( 18
min )
Securitized products are pools of financial assets that are brought together to make a new security, which is then divided and sold to investors.
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min )
Royal Caribbean shares jumped after beating profit and sales estimates, and raising its outlook on higher prices and onboard sales.
( 16
min )
Sales in the Northeast and Midwest grew, while the South and West had declines.
( 17
min )
Dow Jones falls more than 200 points, ending the historic 13-day rally, on investor fears that strong economic data could bring more rate hikes.
( 17
min )
The Congressional Budget Office, a nonpartisan agency that provides analysis to Congress, released economic projections Thursday.
( 16
min )
While critics said the new proposal could crimp shareholder dividends and buybacks for years to come, regulators said big banks have ample time and capital to comply without hurting either.
( 20
min )
The best savings and money market accounts are already paying record rates, with many opportunities to earn 5.00% or more. Will the Fed's latest increase push rates higher?
( 18
min )
Learn about the age-old debate about value versus growth stocks, and how determining which kind is better depends on a number of factors.
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min )
Historically Black colleges and universities (HBCUs) focus on educating disadvantaged groups and are helping narrow the racial wealth gap.
( 26
min )
Stellantis N.V. (STLA), General Motors Co. (GM), Mercedes Benz Group ADR (MBGYY), Bayerische Motoren Werke ADR (BMWYY), Honda Motor Co. LTD (HMC), Hyundai (HYMTF) and Kia Corp. (KIMTF) announced an EV charging joint venture Thursday that they said would solely rely on renewable energy.
( 18
min )
Chipotle shares tumbled after the restaurant chain's sales came in short of expectations as the company raised prices because of higher ingredient costs.
( 16
min )
ADRs of Shell Plc dropped after the energy giant reported earnings fell by more than half, hurt by falling oil and gas prices.
( 16
min )
U.S. equities were up at midday on Thursday, July 27, 2023, after the U.S. government reported stronger-than-expected economic growth in the second quarter.
( 16
min )
Southwest Airlines Stock Drops Despite Record Quarterly Revenue
( 17
min )
A closed loop card is type of credit card that's only good at a certain retailer or other company. Here are the pros and cons.
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min )
An additional cardholder is an authorized user added to a credit card account by the primary cardholder. There are benefits to the additional cardholder, but also risks to the primary one.
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min )
Upfront pricing refers to the interest rates and credit limits that a card issuer assigns to a particular cardholder when they sign up for a card, based on risk and other factors.
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min )
A credit card block is the reservation of a portion of a credit or debit card balance for the cost of services not yet rendered.
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min )
Credit card authentication is a way of verifying that a person attempting a credit card transaction is who they say they are and that they are authorized to use that card.
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min )
Share price is the primary difference between Berkshire Hathaway's Class A stock and Class B stock, but there are other distinctions such as convertibility.
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min )
A magnetic stripe card is a security device with data embedded in it that identifies the user. It enables secure access, electronic or physical.
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min )
Mortgage rates have moved slightly down, continuing a two-week pattern of bobbing up and down in a lower-7% range. All jumbo loan averages meanwhile held steady.
( 20
min )
Comcast (CMCSA) posted its biggest earnings beat in two years on Thursday, as a surge in revenue from streaming, theme parks, and the box office offset weakness in its broadband and legacy cable offerings.
( 18
min )
The Howey Test determines which transactions qualify as an "investment contract" and would therefore be subject to U.S. securities laws.
( 23
min )
Minimum finance charges kick in when the interest that a credit card holder owes on their outstanding balance for that month falls below a certain amount.
( 22
min )
Mastercard, not unlike its rival payments processors, reported strong second quarter earnings on the back of robust consumer spending and a pick up in post-pandemic travel demand.
( 17
min )
A sampling distribution describes the data chosen for a sample from among a larger population.
( 23
min )
Merchants can have the option of submitting their credit card transactions as a group, rather than individually. Here's how that works and the pros and cons.
( 22
min )
The GDP grew at a 2.4% annual rate in the second quarter, an acceleration from the 2% growth of the first quarter, and above the 2% growth forecasters had expected.
( 17
min )
Learn about the origins of the 80-20 rule and how it is applied in business, economics, quality control, and investing.
( 21
min )
Meta's second quarter revenue, at almost $32 billion, increased 11% over the same period last year and grew at the fastest clip since the end of 2021, primarily driven by a 12% jump in advertising revenue.
( 18
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Meta shares are surging after the social media giant posted third quarter revenue projections that beat expectations and the release of the U.S. GDP is expected to show the economy remained steady in the second quarter. Here’s what investors need to know today.
( 19
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Learn how globalization impacts international investment and transforms economies around the world. Understand the implications of globalization.
( 19
min )
The Basel III regulations marked drastic reform in international banking. But how will they affect the worldwide economy?
( 23
min )
With fewer homes for sale in the Hamptons, buyers are clambering over what is left in the market, even as the median sales price falls from a year earlier.
( 17
min )
Delta is the ratio comparing the change in the price of the underlying asset to the corresponding change in the price of a derivative.
( 26
min )
Learn how the price elasticity of demand is more sensitive for some types of consumer goods than others, and see what factors most influence elasticity.
( 23
min )
Interest rates are divided into subcategories. Smart investors look beyond the nominal or coupon rate of a bond or loan to see if it fits their objectives.
( 28
min )
Het Turkse boodschappenbezorgbedrijf Getir blijft in Nederland actief. De afgelopen maanden gingen er geruchten rond over een vertrek van het bedrijf. Wel vertrekt Getir uit Spanje, Italië en Portugal.
( 3
min )
De Amerikaanse economie is in het tweede kwartaal harder gegroeid dan verwacht. De economische groei kwam uit op 2,4 procent, tegen 2 procent in het eerste kwartaal.
( 2
min )
De Europese Centrale Bank verhoogt voor de negende keer in ruim een jaar haar belangrijkste rentetarieven. Dat doet ze om de inflatie in Europa verder te bestrijden. Hierdoor wordt lenen nog weer duurder en levert sparen iets meer op.
( 4
min )
Liefhebbers van een Big Mac weten hun weg naar de McDonald's nog steeds massaal te vinden ondanks dat de prijzen voor de menu's zijn verhoogd. De fastfoodketen heeft in het tweede kwartaal van dit jaar flink meer winst geboekt.
( 2
min )
Bij de scheepsbrand boven Ameland wordt gewezen naar elektrische auto's op het schip. De maritieme sector worstelt al langer met de extra brandrisico's van elektrische auto's. Een oplossing lijkt pas in zicht als de huidige manier van transport onbetaalbaar wordt.
( 7
min )
De Europese Commissie start een officieel onderzoek naar Microsoft. Het techbedrijf heeft mogelijk Europese concurrentieregels overtreden door zijn communicatiedienst Teams te bundelen met Office-producten.
( 3
min )
Het zakelijke communicatieplatform Slack kampte donderdagochtend met een storing, waardoor berichten niet altijd aankwamen. Inmiddels zijn de problemen met de dienst opgelost.
( 2
min )
De duurdere boodschappen leggen voedingsfabrikanten geen windeieren. Dinsdag werd al duidelijk dat Unilever meer winst boekte door hogere prijzen, donderdag maakte de Zwitserse concurrent Nestlé bekend dat het ook meer overhoudt doordat het zijn prijzen heeft opgeschroefd.
( 4
min )
Het zakelijke communicatieplatform Slack kampt donderdagochtend met een storing, waardoor berichten niet altijd aankomen. Er wordt gewerkt aan een oplossing.
( 2
min )
Facebook-moederbedrijf Meta zag de omzet in het afgelopen kwartaal stijgen door duizenden ontslagen en een verbetering in de advertentieverkopen. Maar voorlopig blijft de Metaverse een grote kostenpost.
( 4
min )
Het succes van de Hollywoodfilm over Barbie heeft voorlopig niet gezorgd voor extra verkoop van Barbie-poppen. Dat meldt moederbedrijf Mattel, dat zijn inkomsten in het tweede kwartaal met 12 procent zag dalen.
( 3
min )
Na een jaar met ingrepen om de inflatie af te remmen, verhoogt de Europese Centrale Bank (ECB) de rente vandaag mogelijk voor het laatst. Experts denken dat de ECB zo niet meer economische schade wil veroorzaken dan nodig.
( 6
min )
Werknemers kwamen de afgelopen maanden vaker in opstand voor meer loon. Er waren dan ook meer stakingen en acties dan in de voorgaande jaren. Toch zijn er net zoveel cao's afgesloten, onder meer vanwege de krapte op de arbeidsmarkt
( 5
min )
Google's parent company did something different in Q2, as revenue growth outpaced spending. With an AI arms race and an uncertain economy though, it's not clear if the company can do it again.
( 8
min )
Analysts were bullish heading into the burrito chain's second-quarter earnings. The stock is up 51% this year, leaving little room for error.
( 26
min )
An indictment claims that Tottenham Hotspur owner Joe Lewis lent his pilots $500,000 each to buy stock before insider information became public.
( 8
min )
Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight carriers will shut down as customers abandon it amid a cash crunch and union negotiations.
( 28
min )
Focus will quickly turn to guidance for the third quarter, typically the best three months for cruise operators.
( 26
min )
The company also unveiled two major additions to its suite of generative artificial intelligence tools.
( 26
min )
Mark Zuckerberg’s social media empire has reported a jump in advertising revenues and said that 3 billion people are now regularly checking Facebook.
( 31
min )
(Bloomberg) -- MaxLinear Inc., a maker of chips for broadband communications, said it terminated its attempt to acquire Silicon Motion Technology Corp., ending a cash-and-stock deal worth $3.8 billion.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentUK Billionaire Joe Lewis
( 7
min )
Shares of Recursion Pharmaceuticals, Schrodinger and others that are implementing AI are surging.
( 24
min )
Traders appear fixated on Fed Chair Jerome Powell's comments that there's still "a long way to go" in terms of getting inflation down to 2%.
Powell said that he doesn't think inflation will be back at that level until around 2025. That's dampening some of investors' recent optimism that inflation w
( 22
min )
At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.” The post Yellow exec tells sales staff company will file bankruptcy Monday appeared first on FreightWaves.
( 6
min )
Ruth Porat's new title at the Google parent has Wall Street buzzing.
( 26
min )
On Tuesday, Microsoft Corporation (NASDAQ: MSFT) and Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) both reported their latest quarterly results. But while Google-parent topped expectations across the board, Microsoft’s guidance fell short of expectations, overshadowing the fact its fiscal fourth quarter results surpassed estimates. Microsoft’s Fiscal Fourth Quarter Highlights For the quarter that ended on June 30th, the software maker generated $56.19 billion in revenue that rose 8%, which topped R
( 8
min )
(Bloomberg) -- The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases as officials fine-tune their effort to further quell inflation.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Pleads Guilty in Last-Minute Revised Deal With DOJUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley SaysChina Replaces F
( 8
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The best CDs are already paying record rates, but today's Fed rate hike could nudge them higher still. Here's what to expect for CD rates going forward.
( 17
min )
Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any. The post Old Dominion uses cost control to mitigate slumping demand in Q2 appeared first on FreightWaves.
( 41
min )
(Bloomberg) -- Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western Alliance Bancorp and PacWest Bancorp in the wake of the March banking crisis.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell F
( 31
min )
Shares of the company rose 53.3% to 69 cents in afternoon trade. As part of a prearranged deal, Mallinckrodt will propose to write off about $1 billion from what it still owes to addiction victims and state and local governments, while making a one-time payment of roughly $250 million, the report said, citing people familiar with the discussions. Mallinckrodt did not immediately respond to a Reuters request for comment.
( 39
min )
Wall Street is sharpening its pencils and doing some math following Tuesday's announcement that UPS and the Teamsters agreed to a new labor contract.
( 26
min )
Despite the market’s big comeback in 2023, there is still one issue keeping positive sentiment in check; the prospect of a looming recession remains real. Nevertheless, J.P. Morgan Wealth Management’s Global Investment Strategist Elyse Ausenbaugh thinks investors have reason to be upbeat. “There are actually a lot of things for investors to feel pretty good about right now – starting with the economy,” Ausenbaugh opined. “In spite of higher interest rates, the economy has stayed a lot more resil
( 10
min )
Serial entrepreneur Spencer Rascoff is best known as the co-founder and former CEO of the online real estate marketplace Zillow. He also co-founded Pacaso, a platform that aims to make owning a second home more accessible by offering a shared ownership model. Given his role in creating these platforms, one might think that Rascoff must be a big real estate investor. But that's not really the case. In a recent fireside chat, Arrived Co-Founder and CEO Ryan Frazier asked Rascoff whether he has inv
( 8
min )
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The automotive maker's sales grew 6% after seven quarters of year-over-year declines.
( 18
min )
The social-media giant has seen a surge after cutting costs and improving ad-targeting.
( 26
min )
Raymond James cut its rating to Market Perform from Strong Buy. Shares of the big-box retailer are down 14% in the past three months.
( 26
min )
Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids.
( 29
min )
Both big companies said they plan to invest more in infrastructure needed for artificial intelligence. That's great for the chip manufacturer, Jefferies says.
( 26
min )
Investors had been convinced that the deal, announced more than 14 months ago, would never close.
( 26
min )
The solar company expects to add 70,000 to 90,000 residential customers this year, down from its previous outlook for 90,000 to 110,000 customers.
( 26
min )
The German auto maker is investing $700 million in the Chinese EV start-up. The companies will develop two electric vehicles together.
( 26
min )
Boosted by inflation cooling down significantly, and ongoing strength in the jobs market, economic prognosticators have recently touted the probability of a soft landing for the economy instead of the previously dreaded prospect of a full-blown recession. Steve Eisman, famous for predicting the housing fiasco of 2008 as told in the Big Short, is amongst those taking that optimistic view. “So far, there’s no evidence of a recession,” Eisman said recently. “So as long as there’s no evidence of rec
( 10
min )
Bud Light is in the headlines again. The CEO of Anheuser-Busch InBev (NYSE:BUD), the multinational brewing company behind Bud Light, is reportedly planning to go on a tour this summer to listen to consumers. But "Shark Tank" star Kevin O'Leary, also known as Mr. Wonderful, doesn't believe it will turn things around. "I don't think that's going to work," O'Leary said in a recent interview with Fox Business. "He's going to get an earful, there's no question about it. The problem with that tour and
( 8
min )
Savers who delayed moving cash into higher-interest accounts or bank CDs still have time to earn better returns on their savings.
( 27
min )
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AT&T (T), America's biggest telecom company by revenue, reported robust second-quarter earnings as its cost-cutting plan paid off, amid an ongoing 5G rollout and stronger than expected subscriber gains.
( 19
min )
The nation needs workers, but college graduates shun low-skill work. Many have opted out of the job market and are ‘lying flat.’
( 22
min )
In a press release Wednesday, the company said that Prime members would be able to sign up for its $25 plan "seamlessly from the comfort of home."
( 26
min )
(Bloomberg) -- Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc., because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Fallin
( 31
min )
The railroad company named veteran rail executive Jim Vena chief executive, after a major shareholder called for the current CEO’s removal.
( 25
min )
Union Pacific hired the CEO Wednesday that a hedge fund pressuring the railroad to improve recommended earlier this year, and it cut its outlook after reporting disappointing results driven by weakening consumer demand. The Omaha, Nebraska-based railroad said its former chief operating officer Jim Vena will take over as CEO next month. The Soroban Capital Partners hedge fund that holds a $1.6 billion stake in Union Pacific had been urging the railroad to hire Vena because of his expertise in streamlining operations.
( 7
min )
It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
( 11
min )
Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.
( 10
min )
I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.
( 8
min )
If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.
( 8
min )
Dividends are the bread and butter of income investors. You don't need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their own. Putting together a portfolio that generates at least … Continue reading → The post How to Make $1,000 a Month in Dividends appeared first on SmartAsset Blog.
( 10
min )
How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn To be very clear, you can earn as much money as you want while collecting … Continue reading → The post Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? appeared first on SmartAsset Blog.
( 41
min )
Volkswagen on Wednesday announced two agreements aimed at strengthening the German carmaker's position in the Chinese market, including a partnership between the Volkswagen brand and China's Xpeng Inc to build two new models. Volkswagen and Xpeng agreed to develop two new VW brand models on the MEB platform at Volkswagen's new technology center in Hefei, to be rolled out from 2026 and featuring Xpeng software on autonomous driving.
( 6
min )
Both makers of aircraft engines reported higher earnings than expected, but RTX stock tanked because of a quality problem with a key engine.
( 26
min )
↘️ LVMH (LVMUY): The conglomerate's sales fell slightly in the U.S., in the latest sign that luxury-goods demand [is starting to slow](https://www.wsj.com/articles/lvmh-posts-sharp-rise-
( 23
min )
As real estate investment trusts (REITs) continue to attract investors seeking consistent income, the focus increasingly shifts to dividend yields—a crucial metric for those eyeing regular income streams. This piece explores five publicly traded REITs with impressive dividend yields, providing insights for potential REIT investors looking to expand their portfolios. SL Green Realty Corp (NYSE:SLG) SL Green Realty Corp specializes in acquiring, managing, and maximizing the value of Manhattan comm
( 8
min )
Demand from the automotive industry has emerged as a bright spot for the chip industry at a time other clients are cutting back on orders, as carmakers had faced a severe semiconductor shortage over the past two years and their supply chains have only started normalizing in 2023. Israel-based Tower provides customers with analog and mixed-signal semiconductors, mainly for the automotive and consumer industries.
( 7
min )
Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival U.S. automaker entered the real world of manufacturing and competition. "They are entering my world, the world of tight pricing, cost competitiveness, and the operational issues that a big company like ours may face," Tavares told the press, presenting first half results for the Franco-Italian automaker. "The result of the fact that Tesla is now entering my world, is that their profitability moved from more than 17% in the first half of 2022 to 10.5% in the first half of 2023," he said.
( 39
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Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business. Boeing said it is beginning to increase production of its two most popular airline planes. Boeing is also boosting output of the larger, two-aisle 787 Dreamliner from four to five per month by year end.
( 7
min )
Coca-Cola reports second-quarter adjusted earnings of 78 cents a share on revenue of $12 billion.
( 26
min )
The aerospace giant said it is increasing jetliner production as planned while reducing its debt.
( 26
min )
The cost of work-life balance shouldn't be the working day, career experts told Fortune.
( 8
min )
Its defense business, however, continued to face challenges, with three major fixed-price programs - NASA's Starliner capsule, the U.S. Air Force's T-7 training jet and U.S. Navy's MQ-25 tanker drone - recording about half a billion in charges in the second quarter. Boeing reiterated its plan to generate $3 billion to $5 billion in free cash flow this year, as well as to deliver at least 400 single-aisle 737s and 70 787 Dreamliners in 2023. Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrowbody production to 38 a month "very soon."
( 7
min )
If you’re confused about the rules surrounding required minimum distributions from retirement accounts in 2023, the IRS is offering some much-needed clarification – and relief. A financial advisor can help you plan for RMDs and manage your taxes in retirement. Find a fiduciary advisor today. When the SECURE 2.0 Act was signed into law in […] The post The IRS May Be Cutting You a Break on Your RMDs This Year appeared first on SmartReads by SmartAsset.
( 8
min )
A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said.
( 40
min )
(Bloomberg) -- JPMorgan Chase & Co. sees an opportunity in gold ahead of a likely US recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand Valu
( 8
min )
The telecom firm posted free cash flow of $4.2 billion in the three months ended June, compared with analysts' estimates of $3.60 billion, according to Visible Alpha. The results marked an improvement from the first quarter and showed the benefits of a cost-cutting plan that helped shave off more than $1 billion in operating expenses during the reported period through measures such as a reduction in office locations. A lower cost bill is crucial for AT&T as it needs a steady flow of cash to service its net debt of $132 billion and support a dividend that is among the highest for U.S stocks.
( 7
min )
(Bloomberg) -- Three Japanese market veterans ruminating over beer in Tokyo whether Chinese debt is the deal of the century or the road to ruin sum up the dilemma global investors face in deciding to play in the world’s second-largest bond market.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remai
( 33
min )
Both Microsoft and Alphabet report better-than-expected earnings and highlight their investments in artificial intelligence, Snap stock tumbles on a disappointing revenue forecast, PacWest Bancorp is being acquired, and AT&T is scheduled to post quarterly results.
( 26
min )
U.S.-European carmaker Stellantis on Wednesday reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe. Sales of all-electric vehicles rose by 24% to 169,000 vehicles as Stellantis became the third-largest producer of EVs in Europe, led by the Fiat New 500, Open Mokka and Citroen Berlingo. Stellantis has 25 electric vehicles on the market and is launching another 23 by the end of next year.
( 6
min )
(Bloomberg) -- In what was a brutal 2022 for investors, there was at least one sure-fire, money-making proposition for much of the year. All they had to do was buy stocks and bonds seconds before Federal Reserve Chair Jerome Powell began speaking at his post-FOMC press conference and dump them as he was wrapping up.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan
( 7
min )
Deutsche Bank reported a fall in quarterly profit on higher costs. But it will resume share buybacks as revenue continues to rise.
Some highlights from second-quarter earnings at Germany's biggest bank:
Net profit fell 22% to €940 million, or about $1 billion, topping consensus forecasts for €74
( 23
min )
If you've been hiding out in cash, consider adjusting your portfolio.
( 26
min )
TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault's new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension. Talks between the two had dragged on months longer than expected, Reuters has reported, due in part to Nissan's concern about protecting its intellectual property in future collaborations.
( 40
min )
The now-dead pedophile's massive cash withdrawals rang alarm bells at JPMorgan, but he was also one of the bank's most important clients.
( 10
min )
FRANKFURT (Reuters) -Deutsche Bank posted on Wednesday a 27% fall in second-quarter profit as investment banking revenues slumped, but the drop was lower than expected as higher interest rates fuelled gains at the retail division. Net profit attributable to shareholders was 763 million euros ($843.04 million), down from 1.046 billion euros a year earlier but better than analyst expectations for profit of around 571 million euros. The German lender downgraded its outlook for the investment bank, saying it now expected revenues to be slightly lower in 2023, compared to a previous forecast for flat revenue.
( 7
min )
The Street sees strong trends in Meta's ad business. But the focus will be on what the company plans to do in AI.
( 26
min )
Learn how covariance is used to reduce risk in modern portfolio theory, how covariance is calculated and how it is used to provide portfolio diversification.
( 19
min )
An environment where interest rates are rising can offer opportunities within the equity space. These are the sectors that tend to benefit from rising rates.
( 26
min )
Student debt refers to loans used to pay for college tuition and repaid after the student graduates or leaves school.
( 23
min )
The S&P 500 was little changed on Wednesday, July 26, 2023 after the Federal Reserve raised interest rates to fight inflation.
( 17
min )
Dow nearly gives up a 170-point intraday trading gain before finishing in the green for the 13th straight session.
( 17
min )
TI shares lost ground after the semiconductor maker warned a slump in demand would impact current quarter results.
( 16
min )
Amazon's Generative AI service is intended to save doctors' time spent on healthcare documentation.
( 17
min )
It takes a good credit score to get favorable mortgage rates, but how you pay a mortgage will shape your score. Just having one can lower it at first.
( 22
min )
Boeing was the best-performing stock in the Dow after the plane maker reported a lower-than-expected quarterly loss and a big jump in aircraft deliveries.
( 16
min )
Interest rates have gone up yet again, putting more pressure on borrowers who are already paying nearly $700 a month more for typical loans than when the Fed’s anti-inflation battle began.
( 20
min )
The SEC enhanced rules Wednesday that will impact trading platforms such as Robinhood (HOOD) that use predictive analytics to encourage trading. The move comes nearly two and a half years after 'gamification of trading' helped fuel the meme stock frenzy.
( 18
min )
Homo economicus is a financial term that refers to the belief that a human is a rational person who makes economic decisions that are always in their own self-interest.
( 21
min )
Real estate valuation helps you choose better investments. Learn what capitalization rate means and techniques for valuing real estate.
( 30
min )
With the economy’s inflation fever showing signs of breaking, the Fed is administering more of its tough medicine.
( 17
min )
The best CDs are already paying record rates, but today's Fed rate hike could nudge them higher still. Here's what to expect for CD rates going forward.
( 17
min )
New home sales dropped 2.5% from May but were up 23.8% year-over-year.
( 17
min )
Learn more about the impact of supply and demand in an economy. Find out why companies study supply and demand as part of market research.
( 22
min )
Discover how globalization can lead to unprecedented economies of scale for firms across the world, leading to higher global efficiency and productivity.
( 20
min )
With Industrias Penoles leading the pack, these are the 10 biggest silver mining companies by 12-month trailing revenue.
( 21
min )
Snap shares sank as the owner of the Snapchat app warned about current-quarter revenue amid a slump in ad demand.
( 16
min )
Learn when mutual funds update their price or net asset value (NAV) and why this is different for open-end mutual funds versus closed-end funds.
( 19
min )
U.S. equities were mixed and little changed at midday on Wednesday, July 26, 2023, ahead of the Fed's decision on interest rates.
( 16
min )
The automotive maker's sales grew 6% after seven quarters of year-over-year declines.
( 17
min )
The global beverage giant sees increased 2023 profit and revenue on higher prices, as global case volume stays flat.
( 17
min )
A 5/6 hybrid adjustable-rate mortgage (ARM) has an initial fixed interest rate for five years, then adjusts every six months.
( 20
min )
Robert Half shares dropped after its earnings and revenue missed analysts' estimates as clients cut back on hiring because of macroeconomic uncertainty.
( 16
min )
A balloon mortgage is a loan with low initial payments but requires the borrower to repay the balance in full in a lump sum.
( 21
min )
AT&T (T), America's biggest telecom company by revenue, reported robust second-quarter earnings as its cost-cutting plan paid off, amid an ongoing 5G rollout and stronger than expected subscriber gains.
( 19
min )
Discover why gross national income may be a better economic metric than gross domestic product when a country receives substantial income from foreign sources.
( 21
min )
There’s no shame in having medical debt that you can't pay. Here's how to get help.
( 26
min )
Variable universal life (VUL) insurance is a permanent life insurance policy with a savings component in which cash value can be invested.
( 24
min )
ADRs of Alibaba and Meta shares rose after the Chinese company said the American tech giant's AI model can be used by enterprise clients of Alibaba Cloud.
( 16
min )
Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.
( 17
min )
There is no limit to the number of times you can refinance a car loan, so you could refinance as many times as you like. Here's how to know if it makes financial sense.
( 22
min )
Currencies can provide diversification for a portfolio that's in a rut. Find out which ones you need to know.
( 32
min )
Microsoft shares lost some of the recent momentum generated by its push for artificial intelligence (AI) as the company's fourth quarter earnings report highlighted a slowdown in its Azure cloud and Windows PC businesses.
( 18
min )
A pick up in advertising revenue in the second quarter for search and YouTube, helped parent Alphabet Inc. beat analyst estimates after weak ad spending driven by macroeconomic concerns dragged earnings in prior quarters.
( 18
min )
Visa's Q3 profit rose 22% year-over-year as consumers continue to spend, especially on travel. However, shares traded slightly in the red after-hours as profit rose over the previous quarter at the slowest pace since 2021.
( 18
min )
Mortgage interest is not deductible in Canada, but this strategy could allow you to get the financial benefit anyway.
( 24
min )
Het Openbaar Ministerie (OM) is een strafrechtelijk onderzoek gestart naar Heineken. Dat bevestigt een woordvoerder aan het ANP na eerdere berichtgeving van het AD. De bierbrouwer zou blikjes zonder statiegeld hebben gebruikt toen dat al niet meer mocht.
( 3
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De Federal Reserve, het Amerikaanse stelsel van centrale banken, heeft de rente voor de elfde keer op rij verhoogd. Er komt een kwart procentpunt, of 25 basispunten, bij. De belangrijkste rentestand komt daarmee op het hoogste punt in 22 jaar.
( 3
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Coca-Cola heeft in het tweede kwartaal een derde meer winst gemaakt dan in dezelfde periode vorig jaar. Dat komt vooral doordat de frisdrankproducent de prijzen heeft verhoogd.
( 3
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Twitter verandert in X. Het officiële account van het sociale netwerk heet inmiddels al X. De vorige eigenaar van @X moest zijn profiel afstaan. "Ze hebben het me in principe gewoon afgenomen", zegt hij tegen de Britse krant The Telegraph.
( 4
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De inkomsten van LVMH, het bedrijf achter luxemerken als Louis Vuitton en Tiffany's, stegen in het eerste half jaar met 15 procent. Vooral in Europa en Azië liepen de verkopen flink op.
( 3
min )
Logius heeft in juni 3.154 actieve DigiD-accounts van Nederlandse burgers verwijderd. Dat deed de overheidsinstantie, omdat de accounts werden aangeboden op de criminele handelswebsite Genesis Market.
( 3
min )
Nu de prijzen van tomaten in India met 500 procent zijn gestegen, grijpen mensen daar massaal naar de tomatenpuree. In de Indiase keuken blijft de verse tomaat steeds vaker achterwege.
( 3
min )
Samsung kondigde dinsdag twee nieuwe vouwtelefoons aan: de Galaxy Z Flip 5 en de Galaxy Z Fold 5. Hoewel de wowfactor minder wordt, ziet het Zuid-Koreaanse merk nog een grote toekomst weggelegd voor opvouwbare telefoons.
( 6
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De inkomsten van LVMH, het bedrijf achter luxemerken als Louis Vuitton en Tiffany's, stegen in het eerste half jaar met 15 procent. Vooral in Europa en Azië liepen de verkopen flink op.
( 3
min )
Autobedrijven laten ronkende verkoopcijfers zien over het eerste half jaar van 2023. Maar een deel van de verkochte auto's is eigenlijk vorig jaar al besteld. De orderboeken van Nederlandse autodealers zijn nu leger dan vorig jaar.
( 5
min )
Just Eat Takeaway, het moederbedrijf van Thuisbezorgd, verkocht in de eerste zes maanden van dit jaar 12 procent minder maaltijden. Begin vorig jaar gingen extra veel maaltijden over de toonbank, omdat toen nog lockdowns van kracht waren.
( 3
min )
Meta moet in Australië een boete van 20 miljoen dollar betalen. Het bedrijf verzamelde persoonlijke gegevens van mensen die een VPN-app gebruikten, waarmee hun privacy juist beter beschermd moest worden.
( 3
min )
Het Franse yoghurtjesbedrijf Danone neemt voor nu afscheid van haar bezittingen in Rusland. De bestuursleden en de CEO zijn inmiddels allemaal vervangen, zonder inspraak of toestemming van Danone zelf.
( 3
min )
Alphabet, het moederbedrijf van Google, boekte meer winst in het tweede kwartaal dan een jaar eerder. Microsoft zag de winst zelfs stijgen met 20 procent. Dat hebben de concurrenten onder meer te danken aan de opbrengst van hun clouddiensten.
( 4
min )
De online winkel Pieter Pot heeft klanten gevraagd om extra geld op hun accounts te zetten. Dat moet leveranciers weer het vertrouwen geven om de schappen van de verpakkingsvrije winkel te vullen. Een ludieke actie of een laatste noodgreep?
( 6
min )
South Korea's SK Hynix posted a quarterly operating loss on Wednesday as overall memory chip prices remained low due to weak demand. The world's second-biggest memory chipmaker reported a 2.9 trillion won ($2.28 billion) operating loss in the April-June quarter, from 4.2 trillion won profit a year earlier. This compared with expectations for a 2.7 trillion won operating loss, according to 22 analyst views compiled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate.
( 39
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The US Virgin Islands included the detail in a new filing for a lawsuit alleging JPMorgan knew for years that Epstein was trafficking girls for sex.
( 6
min )
Everything around us is being electrified, but where Tesla may be the standard in electric cars, there are a couple of competitors that are rapidly gaining market share
( 16
min )
(Bloomberg) -- Texas Instruments Inc., the biggest maker of analog semiconductors, gave a lukewarm earnings forecast for the current period, indicating that a slump in demand for key types of electronics is dragging on.Most Read from Bloomberg‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaChina Replaces Foreign Minister After Mysterious AbsenceTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explains Why He’s Axing Twitter Name, Iconic Bird LogoWho Wants to Keep Hi
( 7
min )
Visa Inc. said its adjusted third-quarter profits rose by nearly double digits, as the global payments company continues to benefit from the broad shift by consumers to using credit and debit cards instead of cash. Excluding that one-time cost, Visa's adjusted profits rose 7% from a year earlier. Visa said its payments volume rose 9% from a year earlier, while the number of processed transactions on Visa's network increased 10% from a year earlier.
( 7
min )
(Bloomberg) -- New errors with RTX Corp.’s Pratt & Whitney jet engines pushed the aviation and defense giant from its perch as the world’s most valuable aerospace company on Tuesday, losing $15 billion in market capitalization over the course of the trading day. Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueRolex, Patek Prices to Keep Falling
( 7
min )
There have been abundant returns for investors this year as the markets have staged a remarkable comeback following 2022’s rout. But with both the S&P 500, and particularly the NASDAQ, delivering excellent returns, the big hitters have been responsible for much of the market gains. Raymond James CIO Larry Adam summed it up, saying, “Narrow leadership has been a key theme in the positive performance year-to-date, with mega-cap tech the main driver of the market’s performance… In our 3Q Outlook, w
( 10
min )
Singapore sovereign wealth fund GIC, one of the world's biggest investors, plans to continue investing in China despite geo-political tensions after chalking up its best showing in eight years in the financial year ended March. Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was keen to invest in Chinese companies that do business within China and do not export to the United States. "There are some 'China for China' type of investments that still make sense," he said.
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The new CEO of the #Scottsdale company has 17 years of experience in the firearms and ammunition sector. #phoenix $POWW
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Porat will remain CFO while the company searches for and selects her successor.
( 7
min )
The telecommunications company is expected to report second-quarter earnings of 60 cents a share on revenue of $29.96 billion.
( 26
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Analysts are expecting a per-share loss of 88 cents from sales of $18.5 billion. But estimates are wide, from a loss of almost 1.30 to a loss of 35 cents.
( 26
min )
Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share. CEO Satya Nadella said the company remains focused on “leading the new AI platform shift.” Microsoft was an early mover in this year's hype around “generative AI” tools that can help people write documents and create new images and other media.
( 8
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The company kicks off the profit-reporting season for the U.S. chip-manufacturing industry.
( 26
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Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.
( 17
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The billionaire investor Leon Black was sued on Tuesday by an autistic woman who says he raped her in the disgraced financier Jeffrey Epstein's mansion in Manhattan in 2002, when she was 16. In a complaint filed in Manhattan federal court, the woman, using the pseudonym Jane Doe, said that as she was preparing to give Black a massage, Black pinned her down and penetrated her with sex toys, causing her to bleed. She said Epstein later found her crying, but refused to let her see a doctor and said longtime associate Ghislaine Maxwell would take care of her.
( 6
min )
Google-parent Alphabet's second-quarter revenue exceeded Wall Street expectations on Tuesday, helped by steady demand for its cloud services and a rebound in advertising. Revenue for the quarter ended June 30 stood at $74.6 billion, compared with estimates of $72.82 billion, according to Refinitiv data.
( 6
min )
In the land of the bears, Tom Lee is the bull that had a 2023 stampede. “Corporate resilience” should never be counted out, he told CNBC.
( 8
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The S&P 500 is rising partly because investors think the Fed is nearly finished increasing interest rates to rein in rising prices.
( 26
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A Houston-based company's refinery — which was purchased from Shell last year — has exceeded expectations despite supply disruption.
( 10
min )
Ballmer joined Microsoft as its 30th employee, but thanks to his equity stake and the AI boom, he now ranks as the world's sixth-wealthiest person.
( 7
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Generative AI capabilities can create long-term monetization opportunities for the company, New Street Research says.
( 26
min )
Hundreds of Facebook users blasted the home improvement retailer for firing 13-year employee Donna Hansbrough.
( 6
min )
Shares of PacWest fell shortly after The Wall Street Journal reported that Banc of California is in advanced talks to buy the lender.
The move comes as the two lenders work to shore themselves up follow
( 21
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The move by the lenders would aim to further shore themselves up following a regional-banking crisis earlier this year.
( 28
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Meme stocks have surged in the last few weeks as retail investors shun pricier stocks for cheaper speculative names, but some experts worry that this could choke the current rally in broader markets. At a time when the wider rally has made some stocks, especially in the tech space, too expensive, the return of meme stocks is offering retail investors a more affordable option to participate in 2023's market rebound and pocket big returns. Roundhill's Meme index hit a one-year high last week and was last up 60% for 2023 so far, dwarfing gains of more than 18% recorded by the benchmark S&P 500.
( 8
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I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.
( 8
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Arlington defense giant RTX reported strong second-quarter earnings Tuesday but the results were overshadowed by the disclosure of a manufacturing defect that could reduce the lifespan of its Pratt & Whitney jet engines.
( 11
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The five-year labor deal would prevent strike by roughly 330,000 package delivery drivers and package sorters.
( 26
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The company has become a leader in generative AI technology thanks to its cloud infrastructure and relationship with OpenAI.
( 33
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UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
( 6
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Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week.
( 41
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It’s been a red hot summer for travel and for airline stocks. But the inevitable turbulence has arrived in the slightly surprising form of Alaska Air’s earnings.
( 26
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Alphabet set to release earnings on Tuesday after Wall Street closes its trading day.
( 11
min )
Disney downgraded, Meta Platforms upgraded: Wall Street's top analyst calls
( 8
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(Bloomberg) -- Markets should brace for a deep US recession that warrants a dramatic one percentage-point interest-rate cut by the Federal Reserve, warned DoubleLine Capital’s Jeffrey Sherman.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record
( 8
min )
Since the beginning of January, we’ve seen a steady rise in the stock markets. The NASDAQ is up 35% so far this year, and the S&P 500 has gained 19%. There has clearly been a shift in investor sentiment, away from last year’s bear market. The shift makes sense. The annualized rate of inflation peaked at 9.1% last June, fell to 6.5% by December, and has since fallen further. The June 2023 data showed annualized inflation at just 3%. Additionally, Goldman Sachs currently assesses the probability o
( 10
min )
(Bloomberg) -- IRobot Corp. tumbled after Amazon.com Inc. lowered the price it’s paying for the Roomba maker to $51.75 per share from $61 per share.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitIRobot has entered into
( 7
min )
The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.
( 7
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If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9 … Continue reading → The post 401(k) Plan Participants Say They Need to Save This Much to Retire appeared first on SmartAsset Blog.
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
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min )
For a married couple approaching retirement, few things carry more significance than knowing how much income they’ll need to maintain financial stability and live comfortably after they stop working. Budgeting for retirement involves estimating your post-retirement income and calculating your essential and discretionary expenses. This approach helps you to avoid financial pitfalls and increases the […] The post What Is a Good Monthly Retirement Income for a Couple? appeared first on SmartReads b
( 9
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"We're bouncing along the bottom of a global industrial slowdown," CFO Howard Ungerleider tells Barron's.
( 26
min )
The music streaming platform's losses widened in the second-quarter as it incurred higher music royalty costs, and felt the impact of podcast cuts.
( 26
min )
Musk spent $44 billion to buy access to Twitter's installed user base, but he may now find it difficult to protect his investment from commercial theft.
( 8
min )
The X-ray and ultrasound machine maker managed to keep its costs in check while also seeing an improvement in production and pricing due to availability of electronic components, an issue it had been grappling with along with other industries. GE HealthCare's cost of products rose nearly 9% in the second quarter from a year ago, compared to a faster 11% growth in sales. Johnson & Johnson and Abbott Laboratories, which make medical devices like heart stents and implants, surpassed quarterly profit estimates last week as patients underwent their delayed procedures.
( 7
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The manufacturer reported a profit of 68 cents a share. while Wall Street was looking for 46 cents. It's the kind of news needed to keep the stock rising.
( 26
min )
NextEra Energy Inc second-quarter profit beat Wall Street estimates on Tuesday, helped by strength in the company's renewable energy unit. Countries have been embracing renewable power in the wake of climate change concerns and global energy uncertainty due to the Russia-Ukraine conflict, with NextEra, the world's largest producer of wind and solar energy, being a major beneficiary. The company's regulated utilities business, Florida Power & Light, added 66,000 more customers year-on-year, boosting its top line while its clean energy unit, NextEra Energy Resources, added 1,665 megawatts of new renewables and storage projects in the second quarter.
( 6
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The manufacturer cites strong orders for jet engines and wind turbines.
( 26
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RTX cuts full-year expectations for free cash flow because of an issue with Pratt & Whitney engines.
( 26
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The chemicals company beat Wall Street expectations but the outlook is disheartening.
( 26
min )
The company raised its earnings expectations for the year despite swinging to a quarterly loss.
( 26
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Despite mass mandates for workers to return to the old way of working—in an office from 9 a.m. to 5 p.m.—bosses aren’t having any luck keeping bums on seats until end of play.
( 7
min )
Verizon Communications on Tuesday posted a surprise rise in wireless subscriber additions as more users upgraded their mobile phones to access its super-fast 5G network in a highly competitive market. The carrier has been trying to aggressively build out its 5G network in the United States, in hopes that it would give it an edge over cheaper offerings from rival telecom players such as T-Mobile. Verizon, whose plans typically cost more than its peers, added 8,000 net monthly bill-paying wireless phone subscribers in the second quarter, compared with estimates for a loss of 11,000, according to analysts polled by Factset.
( 7
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Investors have pinned their hopes on Leqembi, which Biogen sells with Eisai, to power growth as money spinner multiple sclerosis and spinal muscular atrophy (SMA) treatments face fierce competition from cheaper versions and rival drugs. "Biogen's business is in transition," CEO Christopher Viehbacher said in a statement. The company had said in April it would pause or discontinue at least four studies of experimental drugs to focus on more lucrative options including the Leqembi launch and trim costs.
( 7
min )
Verizon, whose plans typically cost more than its peers, added 8,000 net monthly bill-paying wireless phone subscribers in the second quarter, compared with estimates for a loss of 11,000, according to analysts polled by Factset. Its results come as the sector is rattled by a Wall Street Journal report on July 9 that the company and AT&T were among several telecom operators that abandoned a sprawling network of lead-clad cables, which might have contaminated water and soil. Verizon's total revenue fell 3.5% to $32.6 billion in the quarter ended June 30, missing analysts' estimates of $33.24 billion, according to Refinitiv data.
( 6
min )
A plan to tax high-income, older Americans' catch-up 401(k) contributions is set to launch in January, but a myriad of issues could force a delay.
( 8
min )
Shares of cloud security company F5 surge on better-than-expected earnings. Logitech raises guidance, and Cadence Design stock falls even after an improved outlook. Earnings reports are expected Tuesday from General Electric, General Motors, Microsoft, and Alphabet.
( 26
min )
(Bloomberg) -- Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cranked out record earnings in 2022. But instead of selling out for a huge profit this year, the Oracle of Omaha wants more. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is
( 9
min )
🔎 General Electric (GE): The industrial conglomerate is among the companies scheduled to report earnings ahead of the opening bell, along with General Motors (GM), [Raytheon (RTX)](https://www.
( 22
min )
(Bloomberg) -- The Federal Reserve is reaching a pivotal moment in its fight against inflation. After more than a year of solid agreement that higher interest rates were needed, differences among policymakers have started to deepen as they weigh when to stop hiking and how long to keep rates elevated.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Econom
( 9
min )
The Street forecasts the Google parent had earnings of $1.34 a share on sales of $72.86 billion.
( 26
min )
Unilever on Tuesday reported better-than-expected underlying quarterly sales as the maker of Dove soap and Ben & Jerry's ice cream again raised prices to make up for higher costs. The British company reported a 7.9% rise in underlying sales, beating analysts' average forecast of a 6.4% increase, a company-provided consensus showed.
( 6
min )
Shares of the software giant are up 44% so far this year, recently setting a record high.
( 26
min )
With the S&P 500 about 10% higher than where it stood in February, corporate insiders are behaving as though they believe the market’s upside potential is largely exhausted.
( 26
min )
(Bloomberg) -- Chinese stocks and the yuan rose sharply after Beijing signaled fresh support for the struggling economy, including further easing of policy curbs in the troubled property sector. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Reco
( 6
min )
Billionaire Elon Musk's decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. "There's a 100% chance that Twitter is going to get sued over this by somebody," said trademark attorney Josh Gerben, who said he counted nearly 900 active U.S. trademark registrations that already cover the letter X in a wide range of industries.
( 7
min )
(Bloomberg) -- Chinese stocks are set to advance Tuesday after US-listed shares of mainland companies recorded their biggest one-day gain since early February, spurred by vows from Beijing of further support for the nation’s struggling economy.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of
( 9
min )
The information sector, which is made up of tech and media companies, was hit the hardest by layoffs over the past year, according to an analysis by Investopedia. Despite the disproportionate impact on tech and media, layoffs remain at historic lows across other industries.
( 20
min )
When stocks are stagnant and fixed-income yields are crumbling, RCNs can benefit investors.
( 21
min )
Simply put, realized profits are gains that have been converted into cash.
( 23
min )
See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track CD rates daily from more than 200 banks and credit unions.
( 20
min )
A 15-year mortgage costs you less since the total interest paid is less than a 30-year, but there are both pros and cons to a 15-year loan.
( 26
min )
If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.
( 22
min )
If you are upgrading your home, here are factors to consider so you don't spend more money than you need to.
( 25
min )
The state of the U.S. economy has economists divided, so much so that some see a recession as unavoidable while others consider it virtually impossible.
( 21
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 18
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U.S. markets continued their rally, with the S&P 500 up 0.3% on Tuesday, July 25, 2023, on the strength of corporate earnings reports.
( 16
min )
3M posted a loss because of "forever chemical" charges, but its adjusted earnings beat forecasts as the firm streamlined operations.
( 16
min )
Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.
( 17
min )
Interactive Brokers expanded its overnight trading offerings to include more than 10,000 US stocks and ETFs, one of the widest offerings available to investors.
( 17
min )
Personal loan rates eased slightly this week to 20.55%, dropping a single basis point since last week when the average personal loan rate sat at 20.56%.
( 18
min )
The XLF or Financial Select Sector SPDR Fund seeks to track the S&P Financial Select Sector Index.
( 20
min )
The deal between UPS and the union, which represents 330,000 of its U.S. workers averts a possible strike Aug. 1, when the current agreement between the two parties expires.
( 17
min )
Underwriting risk is a term for the risk of loss from underwriting activity, and greatly affects the profits that an insurance company can earn.
( 18
min )
Credit reports containing information belonging to someone else was the most common complaint, with improper use of credit reports being another top issue.
( 17
min )
General Motors (GM) posted better-than-expected results and raised its outlook again, but concerns about the carmaker’s cost cutting and electric vehicle (EV) production sent shares lower.
( 17
min )
In the wake of this year's banking crisis, the FDIC is pressing banks to fix the way they report uninsured deposits, or those that exceed the agency's $250,000 insurance limit.
( 18
min )
Learn about investing in Africa. Our guide covers the best ways to invest in Africa, including stocks, ETFs, mutual funds, ADRs, and real estate.
( 25
min )
U.S. home prices rose in May for the fourth month in a row, according to the S&P CoreLogic Case-Shiller National Home Price Index.
( 17
min )
Reconciliation is an accounting procedure that compares two sets of records to check that the figures are correct and in agreement.
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min )
An amalgamation is a combination of two or more companies into a new entity. Amalgamation is distinct from a merger because neither company involved survives as a legal entity.
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min )
A baby boomer is a person born between 1946 and 1964, part of a large generation that continues to have a significant impact on the economy.
( 27
min )
Spotify Technologies added a record quarterly number of new users to its streaming music platform, but its loss, sales, and guidance came in worse than expected after its efforts to cut costs, and shares tumbled.
( 17
min )
Apple is facing a $1 billion lawsuit in the UK for charging 15% to 30% in fees on sales made through its iOS App Store.
( 17
min )
The U.S. equities rally continued at midday on Tuesday, July 25, 2023, after more positive earnings news.
( 16
min )
The TMX Group is a large Toronto-based financial services company that operates Canadian exchanges and services dealing in multiple asset classes.
( 20
min )
Shares of Unilever PLC (UL) were up almost 5% on Tuesday morning following a second-quarter earnings beat by the consumer goods giant.
( 17
min )
Origination is the process of creating a home loan or mortgage. It involves numerous steps and participants, and you can't get a mortgage without it.
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min )
Strong subscriber growth amid a successful 5G rollout propelled better-than-expected earnings at Verizon (VZ), even as profits fell from the year-ago quarter.
( 17
min )
Active-duty members of the military, the National Guard, and reservists are eligible for financial assistance for education. So are their spouses.
( 22
min )
General Electric raised its full-year guidance for earnings and revenue after reporting a 37% year-over-year increase in profit.
( 17
min )
The decline in rents may be the start of a trend, according to Realtor.com.
( 17
min )
See how the rate of interest in an economy helps coordinate savings, lending, and investing.
( 21
min )
Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level of production.
( 23
min )
A derivatives transaction execution facility (DTEF) focuses on derivative transactions with underlying assets of excluded commodities or assets.
( 21
min )
Owner financing involves a seller financing the purchase directly with the buyer. It can offer advantages to both parties.
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min )
Financial inclusion is the effort to make financial products and services available and affordable to all individuals and businesses.
( 25
min )
You lose any remaining funds in your flexible savings account at the end of the year. Here is a list of what you can buy with the cash.
( 22
min )
VanMoof-fietsers die hun fiets ter reparatie nog bij de winkel hadden staan toen die dichtging, kunnen hun rijwiel in de komende weken ophalen. Tot 18 augustus kunnen ze een afspraak maken voor het ophalen van hun waarschijnlijk nog steeds kapotte fiets.
( 4
min )
Halsoverkop naar huis vanaf je vakantieadres: het overkomt Nederlanders in het zuiden van Europa op dit moment. NU.nl sprak met experts over wat je kunt doen en waar je recht op hebt als je week aan het strand wordt afgekapt.
( 5
min )
Vliegmaatschappijen accepteren niet dat Schiphol mag krimpen. Een groot aantal maatschappijen gaat in cassatie tegen een uitspraak van de rechter die Schiphol toestaat om het aantal vluchten op de luchthaven flink te beperken.
( 3
min )
Unilever weigert uit Rusland te vertrekken vanwege de oorlog in Oekraïne. Volgens topman Hein Schumacher is blijven "de minst slechte optie". Zo voorkomt het bedrijf achter Calvé, Magnum en Dove dat Rusland activiteiten van Unilever daar nationaliseert.
( 3
min )
Geld lenen bij banken wordt steeds minder aantrekkelijk, merkt de Europese Centrale Bank (ECB). Banken zijn strenger en maken lenen duurder. En dat is precies de bedoeling van de reeks renteverhogingen van de ECB, die deze week een vervolg krijgt.
( 5
min )
Het aantal mensen dat in de afgelopen drie maanden een Spotify Premium-abonnement afsloot, is flink gestegen. De muziekdienst heeft inmiddels ruim 220 miljoen betalende abonnees wereldwijd. Toch komt er binnenkort een prijsverhoging aan.
( 4
min )
Levensmiddelenconcern Unilever heeft opnieuw geprofiteerd van de hogere prijzen voor zijn producten. Het bedrijf achter merken als Dove, Marmite, Knorr, Rexona en Magnum zag de omzet en winst in de eerste zes maanden van dit jaar stijgen.
( 3
min )
De krapte op de arbeidsmarkt in ons land blijft zorgelijk. Ruim 3,3 miljoen werkenden hebben een beroep dat als zeer krap kan worden omschreven. Vooral in de techniek zijn bedrijven op zoek naar personeel.
( 4
min )
Modegigant H&M heeft zijn concurrent Shein voor de rechter gesleept. De Zweedse retailer zegt dat zijn Chinese rivaal zonder toestemming kleding kopieert. H&M wil nu een schadevergoeding.
( 3
min )
Steeds meer mensen weten hun weg te vinden naar de sportscholen van Basic-Fit. De fitnessketen zag het aantal abonnementen in de eerste zes maanden van dit jaar fors stijgen.
( 3
min )
De politie zegt de grootste Nederlandse gebruiker van de criminele handelswebsite Genesis Market te hebben opgepakt. Met die aanhouding denken ze "een grote slag" in het onderzoek te hebben geslagen.
( 3
min )
Betaald krijgen om stroom te gebruiken, tot voor kort was het ondenkbaar. Maar inmiddels duiken elektriciteitsprijzen vrijwel elk weekend in de min, wat vooral gunstig is voor wie een dynamisch energiecontract heeft. Worden prijzen onder nul voortaan normaal?
( 4
min )
Betaald krijgen om stroom te gebruiken, tot voor kort was het ondenkbaar. Maar inmiddels duiken elektriciteitsprijzen vrijwel elk weekend in de min, wat vooral gunstig is voor wie een dynamisch energiecontract heeft. Worden prijzen onder nul voortaan normaal?
( 4
min )
The Home Mortgage Disclosure Act (HMDA) is a federal law mandating lenders to maintain records on individual mortgages to help reveal whether they are complying with fair housing laws and meeting community needs.
( 24
min )
Speaking at an event in New York City, FTC Chair Lina Khan addressed the agency’s recent setbacks in court, and suggested that its crackdown against big tech could continue.
( 18
min )
Effective immediately, most unannounced visits from the IRS will halt, except in rare circumstances.
( 17
min )
Identity theft isn't covered by the FDIC, so find out what steps you can take to prevent or report this type of consumer fraud.
( 21
min )
Goldman Sachs and Morgan Stanley have distinct ways of doing business, with one focusing on high rewards and the other on caution.
( 20
min )
U.S. equities gained after better-than-expected second quarter earnings reports, with the S&P 500 rising 0.4% on Monday, July 24, 2023.
( 16
min )
Emerging markets like India are engines for future growth. Find out how you can participate.
( 26
min )
Learn the most commonly selected periods used by traders and market analysts in creating moving averages to overlay as technical indicators on charts.
( 23
min )
A swimming pool is enormous fun, but will it boost your home's sale price? Here are six home improvements that don't add the value that owners expect.
( 27
min )
The Federal Reserve is widely expected to raise its benchmark interest rate by a quarter-point on Wednesday, with the real question being what the central bank will do (or not do) to combat inflation for the rest of the year.
( 18
min )
Identify subtle differences between two excellent investment opportunities, the Vanguard 500 Index Fund and the SPDR S&P 500 ETF.
( 20
min )
Chevron shares rose after predicting second quarter earnings that beat analysts’ estimates on record production in the Permian Basin.
( 16
min )
Indexed universal life insurance can help you build wealth and leave a death benefit to your loved ones. However, it has advantages and disadvantages to consider.
( 27
min )
The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in March.
( 17
min )
Spotify shares slid after announcing plans to raise prices for its premium subscription plans Monday.
( 16
min )
Shares of Becton Dickinson rose to their highest level since 2020 after the FDA gave 501(k) clearance to Becton Dickinson's updated BD Alaris Infusion System.
( 16
min )
A home equity loan is one way to pay off your credit card debt. It generally has a lower interest rate, but it can also put your home at risk.
( 25
min )
Renters can help you cover your mortgage payments, but property location, price, and privacy are just a few of the things to consider when you buy a two-family home.
( 24
min )
More than half of CEOs globally are experimenting with generative AI, algorithms that can generate content using a set of inputs, a joint survey by Fortune and Deloitte found.
( 18
min )
AMC Entertainment Holdings shares skyrocketed after the theater chain filed a revised stock conversion proposal, and the releases of "Barbie" and "Oppenheimer" drew big crowds over the weekend.
( 18
min )
The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.
( 17
min )
A fixed-rate mortgage is an installment loan that has a fixed interest rate for the entire term of the loan.
( 25
min )
Find out how Morningstar ranks and rates investments, and why the Morningstar star system is so heavily influenced by modern portfolio theory (MPT).
( 20
min )
Domino's shares rose after reporting better-than-expected earnings, boosted by its overseas business.
( 16
min )
A pip is the smallest price increment (fraction) tabulated by currency markets to establish the price of a currency pair.
( 26
min )
Brian Stelter, the special correspondent for Vanity Fair, and the host of The Hive podcast, explains what's really behind the actor and writer strikes facing the entertainment industry, and how artificial intelligence (AI) is changing the industry forever.
( 18
min )
Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.
( 18
min )
Fixed-rate and adjustable-rate mortgages have similarities and differences, depending on your financial needs and prospects.
( 28
min )
Trading volatility is an interesting idea, but current ETFs and ETNs do a fairly poor job of it.
( 24
min )
Learn about currencies that are more valuable than the U.S. dollar, as well as which factors contributed to their strength.
( 31
min )
Worldcoin uses biometric data like facial and iris authentication to create a unique World ID for each user and distinguish them from AI bots.
( 16
min )
A derivative is a securitized contract whose value is dependent upon one or more underlying assets. Its price is determined by fluctuations in that asset.
( 29
min )
The dividend growth rate is the annualized percentage rate of growth of a particular stock's dividend over time.
( 24
min )
Learn more about the ground lease, an agreement that allows tenants to develop leased land while the landlord typically assumes ownership.
( 23
min )
Annual premium equivalent (APE) is a common sales measure technique used by insurance companies in the United Kingdom.
( 18
min )
SR-22 'insurance' is a certificate your state may require if your driver's license has been suspended or revoked and you want to get it reinstated.
( 20
min )
A condominium involves apartment ownership and a percentage of the common areas while a co-op involves buying shares in a corporation that is the building.
( 25
min )
An in-depth look at car leasing options for those with bad credit or no credit history.
( 20
min )
It is possible for an insurer to cancel your policy after an accident but unlikely, unless you are a high-risk driver.
( 19
min )
Paying off your mortgage in a reasonable amount of time can result in financial security and freedom.
( 19
min )
In real estate transactions, trust deeds transfer the legal title of a property to a third party until the borrower repays their debt to the lender.
( 27
min )
A future purchase option is a feature of an insurance that allows policyholders to increase their insurance coverage annually.
( 19
min )
A limited common element is an aspect of a condominium unit that remains the property of the condominium community instead of the tenant.
( 19
min )
Mortgage insurance protects a mortgage lender or title holder if a borrower defaults on payments, dies, or otherwise can't pay the mortgage.
( 22
min )
Student Aid Index (SAI) is the name for the factor that determines needs-based financial aid—and there have been several changes to the equation.
( 23
min )
An all-in-one mortgage combines the features of a checking account, a home equity loan, and a mortgage into one product.
( 22
min )
A mortgage rate is the percentage of interest that is charged on a home loan. The precise rate you get depends on your credit score and is easily calculated.
( 22
min )
In addition to making nearly everything more expensive, rising inflation can also result in your student loan interest rates increasing.
( 25
min )
A captive insurance company is an entity that offers risk mitigation services for its parent company or related entities.
( 22
min )
(Bloomberg) -- It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled
( 9
min )
Wall Street is looking for earnings per share of o$1.73 from sales of $7.9 billion. It reported earnings of $2.48 from sales of $8.8 billion in the year ago quarter.
( 26
min )
With A.I. posing the most serious threat that Google’s search business has faced in its history, the pressure is on for Alphabet’s CEO to deliver.
( 8
min )
Shareholders will be looking for comments on lead-sheathed cables and signs the company has stemed subscriber losses.
( 26
min )
(Bloomberg) -- The Dow Jones Industrial Average is pushing back toward its all-time high, technology shares have surged, sentiment among stock investors is soaring, and recession calls are being scaled back.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 8
min )
Lenders lowered their uninsured deposits by nearly $200 billion after bank failures.
( 28
min )
(Bloomberg) -- Last year’s plunge in the S&P 500 made uber bear Mike Wilson the most celebrated stock forecaster on Wall Street. It’s a role he has failed to reprise in 2023. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion Pro
( 8
min )
(Bloomberg) -- Wall Street’s ravenous appetite for government bills is about to be tested once again, as the Treasury is likely to further ramp up the size of oncoming auctions to rebuild its decimated cash buffer.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled
( 7
min )
(Bloomberg) -- Cerberus Capital Management and Highgate missed two months of payments on a $415 million loan for 30 Courtyard by Marriott hotels, another sign of spreading trouble in commercial real estate.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 7
min )
Regional lenders are cutting back on some lending to preserve capital.
( 25
min )
Here's how T-Mobile beat its ‘dumb and dumber’ competitors, according to Yale's Sonnenfeld and Tian.
( 13
min )
Financial filings with the SEC can be long and dry, but they usually contain information investors should know.
( 26
min )
Analysts from Wells Fargo and Deutsche Bank both cited improvements in the PC industry as a key reason behind their increases.
( 26
min )
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Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.
( 18
min )
Spotify raises its ad-free premium subscription price by $1 to $10.99 a month.
( 26
min )
Since hitting bottom last October, the S&P 500 has bounced back strongly – in fact, it’s up approximately 27% from that trough. A rally of that magnitude meets the definition of a bull market, and some economists are saying we’re experiencing just that. Among the bulls is Cathie Wood who believes that a big shift is taking place. “The market is starting to look to the other side of the interest rate increase and they’re starting to look at inflation which is crumbling,” she noted. The Fed will h
( 10
min )
(Bloomberg) -- TC Energy Corp. agreed to sell a 40% stake in two US natural gas pipeline networks for $3.9 billion (C$5.2 billion) in cash, a deal that will allow the Canadian company to meet a goal of reducing its debt ahead of schedule.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosO
( 7
min )
Mizuho analyst Vijay Rakesh raised his target price on Nvidia but said the growth of artificial intelligence is a tailwind for AMD and Intel too.
( 26
min )
The company is planning to transition the operations at its farm in Berea, Kentucky, to its distribution partner Mastronardi Produce.
( 12
min )
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
( 8
min )
Tesla downgraded, Netflix upgraded: Wall Street's top analyst calls
( 8
min )
There are many potential problems for Verizon and AT&T arising from lead-sheathed copper telecommunications cables. How ESG investors view the problem is one of them.
( 29
min )
A CIO survey reveals that companies are prioritizing AI applications in their spending plans. That also helps explain why Taiwan Semi noted a softening in demand for chips in its earnings report.
( 26
min )
The company plans J&J plans on exchanging up to 1.5 million shares of Kenvue stock that it owns, for outstanding shares of J&J common stock.
( 29
min )
Bitcoin and other cryptocurrencies were falling on Monday ahead of the Fed meeting. Elsewhere, OpenAI CEO Sam Altman celebrated the launch of Worldcoin.
( 47
min )
The electric vehicle maker's stock is bumped to Neutral from Buy by UBS analyst Patrick Hummel. Full self-driving technology is the next catalyst for the company, he says.
( 26
min )
With AMC quickly filing a modification of the settlement plan, after it was rejected by a judge Friday. The volatility surrounding the stocks could well be here to stay.
( 26
min )
The company plans J&J plans on exchanging up to 1.5 million shares of Kenvue stock that it owns, for outstanding shares of J&J common stock.
( 29
min )
Drillers and servicers of ocean wells have climbed ahead of the broader market.
( 26
min )
(Bloomberg) -- Listen to Wall Street’s top economists and you’ll hear the same message again and again: The risk of a recession is fading fast. And yet, in the bond market, the traditional warning that a downturn is near — an inversion of the yield curve — keeps getting louder.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWh
( 8
min )
Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector. The acquisition reflects Public Storage's continued execution of its opportunistic growth strategy, the company said, adding it will deepen its presence in fast-growing markets.
( 6
min )
UPS and the Teamsters union are set to resume talks on a new collective bargaining agreement this week before the current deal expires at the end of July and an August strike looms.
( 9
min )
Bitcoin and other cryptocurrencies were falling on Monday ahead of the Fed meeting. Elsewhere, OpenAI CEO Sam Altman celebrated the launch of Worldcoin.
( 36
min )
Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue. J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.
( 6
min )
The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.
( 8
min )
The highly shorted AMC common shares were the most traded across all stocks trading before the opening bell at 05:58 a.m. ET, surging 59% to $6.99. A Delaware court judge said on Friday she cannot approve a deal that would potentially provide current shareholders with additional shares worth $129 million as it would also settle potential claims by preferred shareholders who were not represented in the lawsuit. AMC investors had sued the company in February, alleging a plan to convert preferred stock to common stock was enacted to circumvent the will of common stock holders who opposed the issuing of new shares.
( 7
min )
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
( 7
min )
Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue. J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.
( 6
min )
(Bloomberg) -- Worldcoin, the token of the crypto project co-founded by OpenAI Chief Executive Officer Sam Altman, rallied on its first day of trading on Monday as investors piled into the hype around artificial intelligence. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vi
( 6
min )
Executives promise ‘the demise of dieting.’ Could we be so lucky?
( 15
min )
Bitcoin will have to remain above US$29,500 to prevent further bearish momentum, industry experts told Forkast.
( 8
min )
Uninsured deposits are currently around 40% of all U.S. bank deposits–up from only 20% three decades ago.
( 8
min )
Regulators and academics say some digital asset exchanges inflate trading volumes.
( 27
min )
Tesla is downgraded to Neutral from Buy by UBS analyst Patrick Hummel. Full self-driving technology is the next catalyst for Tesla, he says.
( 26
min )
AMC Entertainment files a revised stock conversion proposal, Chevron issues a second-quarter performance update better than expectations, and Tesla shares are downgraded.
( 27
min )
A downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed. HCOB's flash Composite Purchasing Managers' Index (PMI) for the bloc, compiled by S&P Global and seen as a good gauge of overall economic health, dropped to an eight-month low of 48.9 in July from June's 49.9. "The euro zone economy will likely move further into contraction territory in the months ahead, as the services sector keeps losing steam."
( 6
min )
(Bloomberg) -- India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Re
( 8
min )
(Bloomberg) -- Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billi
( 9
min )
(Bloomberg) -- Shares of Country Garden Holdings Co. are expected to drop 35% as liquidity concerns surrounding China’s private builders are unlikely to ease anytime soon, according to JPMorgan Chase & Co. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 8
min )
AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court's concerns over other shareholders. AMC had proposed a plan to allow it to convert preferred stock to common stock and issue millions of new shares. It was sued in February by investors over how the shareholder vote on the plan was conducted.
( 7
min )
Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an “important strategic partner.” Alibaba Group Holdings said in a filing Sunday that it will not participate in Ant’s share buyback program. Ant, which operates one of China’s leading mobile payments services Alipay, has seen its valuation fall nearly 70% from about $280 billion ($38.9 billion) at the time it was planning an IPO in 2020.
( 7
min )
Vodafone reported first-quarter group service revenue growth of 3.7% on Monday, driven by a strong performance in Britain, and an improvement in the rate of decline in Germany, Italy and Spain.
( 6
min )
The next two weeks will bring earnings reports from Microsoft, Meta, Amazon, Alphabet and Apple.
( 26
min )
Kenvue, spun off from Johnson & Johnson in May, generated $15 billion in sales last year, enough to put it at rank 275 on 2022's Fortune 500 list.
( 7
min )
Adidas got orders for 4 million pairs across May and June, more than it expected, and it was unable to meet the demand, the FT reported, citing people familiar with the matter. The company said in May it would start selling some of the Yeezy shoes from its defunct partnership with Ye, the rapper formerly known as Kanye West, at the end of May and planned to donate some of the proceeds to organisations fighting antisemitism and racism.
( 6
min )
U.K. companies are trading at about a 20% discount to global peers, according to Charles Luke, an investment manager at Murray Income Trust. That gives them scope to catch up.
( 26
min )
(Bloomberg) -- Germany’s automakers announced bold plans the last several years to shift to electric cars and challenge Tesla Inc.’s dominance. Instead, they’re only falling further behind.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15
( 9
min )
The damaged trucks were kept at the company's Phoenix site for "safety monitoring and the ongoing investigations." Nikola last month reported a fire around its headquarters and said it suspects foul play behind the incident that affected multiple trucks but caused no injuries.
( 39
min )
The plant will have an initial production capacity of 34 gigawatt hours (GWh). "This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade," Stellantis CEO Carlos Tavares said in a statement. Stellantis, whose brands include Peugeot, Jeep, Ram, Alfa Romeo, Citroen and Opel, has announced plans to reach 100% electric passenger car sales in Europe and 50% car and light truck electric mix in the U.S. by 2030.
( 7
min )
(Bloomberg) -- The cryptocurrency of OpenAI Inc. Chief Executive Officer Sam Altman is set to launch Monday, Semafor reported.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitA breakdown of how the Worldcoin tokens will b
( 6
min )
(Bloomberg) -- Posco Holdings Inc. shares jumped as much as 24% on Monday, the most on record, extending a July rally on strong quarterly profits and amid frenzied retail buying of stocks related to electric-vehicle batteries. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader V
( 7
min )
(Bloomberg) -- Equities look primed for early gains Monday as markets open in Japan and Australia, before sentiment turns more cautious when trading gets underway in China.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit
( 8
min )
(Bloomberg) -- Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitWest Texas Intermed
( 6
min )
(Bloomberg) -- China’s top leaders will fail to deliver big-bang stimulus for the weakening economy this week, economists say, disappointing financial markets seeking strong action to counter the downturn. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average
( 8
min )
The oil giant reported higher-than-expected profit in the second quarter.
( 25
min )
Bitcoin rose on Monday morning in Asia to reclaim the US$30,000 support level. Ether moved higher, while most other top 10 non-stablecoin tokens also gained.
( 7
min )
(Bloomberg) -- Alibaba Group Holding Ltd. has decided not to sell any part of its one-third stake in Ant Group Co. during the Chinese fintech leader’s imminent share buyback, saying it wants to maintain its slice of an important partner.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOi
( 8
min )
Oil price gyrations following Russia's invasion of Ukraine meant profits of $15.1 billion that Vitol shared with its staff, Bloomberg reported.
( 7
min )
Vezels van vlas en hennep kunnen de bouw een stuk milieuvriendelijker maken, concluderen onderzoekers van ABN AMRO. Daarvoor moet er wel meer van verbouwd gaan worden, bijvoorbeeld in Oost-Europa.
( 4
min )
Mensen die voor het eerst een woning kopen, zien de huizen sneller in waarde dalen dan mensen die doorstromen naar een volgend koophuis. Dat komt vooral door de hogere hypotheekrente.
( 3
min )
Elon Musk verandert Twitter in X. Op de webversie is het vogeltje uit het logo al vervangen door de letter X. Het is de zoveelste plotselinge verandering sinds de overname van het bedrijf door Musk. Merkendeskundigen noemen hem onnavolgbaar.
( 4
min )
Elon Musk verandert Twitter in X. Op de webversie is het vogeltje uit het logo al vervangen door de letter X. Het is de zoveelste plotselinge verandering sinds de overname van het bedrijf door Musk. Merkendeskundigen noemen hem onnavolgbaar.
( 5
min )
De Zwitserse bank UBS moet de Amerikaanse en Engelse centrale banken een boete betalen van bijna 400 miljoen dollar. Dat is vanwege het risicovolle gedrag van de overgenomen bank Credit Suisse.
( 3
min )
De snacksector is het niet eens met de beschuldiging dat snackbars winst maken op plastic verpakkingen. Zij moeten sinds 1 juli een toeslag rekenen aan de klant voor wegwerpplastic. Zien we daardoor bij frituurders ineens meer herbruikbare verpakkingen?
( 4
min )
De meeste problemen bij statiegeldmachines in supermarkten zijn opgelost. Met een nieuw systeem heeft ontwikkelaar Tomra naar eigen zeggen 90 procent van de overlast bij klanten verholpen. Door een cyberaanval konden consumenten bij een klein deel van de supermarkten hun statiegeldflessen en -blikjes niet kwijt.
( 3
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Muziekdienst Spotify heeft maandag zijn maandprijzen verhoogd. In Nederland betaal je voor een Premium-abonnement voortaan 11 euro per maand. Dat is 1 euro duurder dan voorheen.
( 3
min )
Sneaker-liefhebbers hebben de afgelopen tijd voor 508 miljoen euro Yeezy-sneakers besteld bij adidas. Het gaat om sportschoenen die over zijn na de breuk tussen het Duitse sportmerk en rapper en modeontwerper Ye, die vroeger Kanye West heette.
( 3
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De schoolvakanties zijn begonnen en dat betekent dat iedereen tegelijk naar de camping of de Spaanse costa wil. We nemen in de zomer gemiddeld zo'n drie weken vrij. Werkgevers en werknemers weten dat in de meeste gevallen goed te regelen.
( 5
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Philips gaat zoveel mogelijk werknemers die in Nederland hun baan verliezen vanwege de reorganisatie begeleiden naar ander werk. Het concern heeft met meerdere bedrijven in de regio Eindhoven contact om medewerkers onder te brengen.
( 4
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Fletcher Hotels moet voortaan duidelijker zijn over de voorwaarden van vouchers die klanten kunnen kopen. Dat meldt toezichthouder ACM, nadat een aantal klanten heeft geklaagd over onverwachte extra kosten bij het gebruik van de voucher.
( 3
min )
Twitter-eigenaar Elon Musk wil af van het huidige logo van Twitter. De vogel verandert in de letter X. "Binnenkort zeggen we gedag tegen het Twitter-merk", schrijft Musk op zijn account.
( 4
min )
De Franse autoriteiten zijn eerder dit jaar een onderzoek gestart naar Philips. Het Nederlandse concern zou mogelijk gevoelige informatie over huishoudelijke apparaten hebben uitgewisseld met andere bedrijven en daarmee mededingingsregels hebben overtreden.
( 3
min )
De schoolvakanties zijn begonnen en dat betekent dat iedereen tegelijk naar de camping of de Spaanse costa wil. We nemen in de zomer gemiddeld zo'n drie weken vrij. Werkgevers en werknemers weten dat in de meeste gevallen goed te regelen.
( 4
min )
"Yesterday we along with the plaintiffs, filed with the Delaware Court, a modification of the legal release surrounding the settlement of the Delaware litigation in an effort to address the Court's voiced concern," AMC CEO Adam Aaron said in a letter to investors. He emphasized raising capital for the company's survival and said "to protect AMC's shareholder value over the long term, we MUST be able to raise equity capital." Aaron also mentioned that in a March 14 special election a majority of the AMC common shareholders and preferred shareholders supported his views on the stock conversion.
( 7
min )
(Bloomberg) -- Chevron Corp. posted better-than-expected earnings as output in the Permian Basin soared to a record and the oil giant said it waived the mandatory retirement age for Chairman and Chief Executive Officer Mike Wirth.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trade
( 8
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(Bloomberg) -- A few years ago, top investment bankers at Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc. and PJT Partners Inc. say they’ve been inundated with CVs from the likes of Goldman, Barclays Plc and Credit Suisse.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally Bela
( 13
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Production in the Permian Basin rose 11% from the second quarter last year, Chevron said on Sunday. The oil major also announced a new CFO.
( 26
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The union says a key pension and benefits fund agreed to maintain healthcare coverage after debt-laden Yellow missed a monthly contribution.
( 25
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(Bloomberg) -- AMC Entertainment Holdings Inc. has revised a stock-conversion proposal after a surprise court ruling scuttled an earlier version of the plan and caused the movie-theater chain’s shares to jump. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Aver
( 8
min )
Craftsman's effort to create a highly-automated factory for tool production in Fort Worth, Texas, came to an end earlier this year when the facility was shutdown.
( 9
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(Bloomberg) -- Chevron Corp. reported second-quarter earnings of $6.01 billion, beating analyst estimates.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe figures, while down 48% from the same period last year, topped
( 7
min )
U.S. oil major Chevron Corp on Sunday said Pierre Breber, vice president and chief financial officer, will retire from Chevron in 2024 and named current chief technical officer Eimear Bonner as his successor from March 1, 2024. Chevron's independent directors waived the company's mandatory retirement age of 65 for its chairman and chief executive officer, Mike Wirth, who will turn 63 later this year, the company said.
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For the June quarter, analysts expect the pizza chain's same-store sales to come in 1% higher than a year ago.
( 26
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The Federal Reserve is expected to raise interest rates on Wednesday. Plus, earnings reports from Alphabet, Microsoft, Visa, General Electric, Verizon, Meta Platforms, and more.
( 27
min )
U.S. policymakers and agencies are looking for ways to regulate autonomous vehicles on a larger scale. First, there’s the National Highway Traffic Safety Administration (NHTSA), which plans to announce a new rule-making in September that could benefit AV companies like Cruise and Zoox, both of which have plans to launch purpose-built robotaxis that don’t have steering wheels or pedals. General Motors, which owns Cruise, submitted a petition in February 2022 to NHTSA to deploy up to 2,500 of the Cruise Origins annually without human controls and may soon have an answer.
( 14
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Few things fire up the imagination of wealth better than a gold mine. After all, while money doesn’t grow on trees, we can actually dig it up out of the ground. Our wealth-related metaphors often revolve around gold, with phrases like ‘things as good as gold’ and ‘an asset that’s like a gold mine.’ Indeed, gold stands as the ultimate symbol of riches and prosperity. While owning a gold mine might be a distant dream for many, investing in the stock of a gold mine presents an entirely feasible opp
( 10
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Workers at firms like Nvidia, Amazon, Apple and Microsoft have seen big jumps in their company shares, but many don’t know the tax hit those earnings could bring
( 19
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I'm in my mid-40s, married with four kids. My husband doesn't want to work and has left the financial responsibilities to me for as long as I can remember. I don’t have much in my savings account or in my 401(k). My annual income is only around $85,000. My eldest is about to start college, […] The post Ask an Advisor: I Have 4 Kids and Make $85k But My Husband Doesn’t Work. How Do I Start Investing So I Can Pay for College? appeared first on SmartReads by SmartAsset.
( 9
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U.S.-based investment firm Bain capital said on Sunday that it has entered into an agreement to acquire 90% of Adani Capital and Adani Housing, buying out the Adani family's private investments in the company.
( 5
min )
I will be retiring at the end of this year. I am trying to decide between two choices on how to best use $40,000 that I anticipate I will have as extra money by the end of the year. My only debt is the payoff of one automobile, which is about $40,000. Or, I can […] The post Ask an Advisor: I’m Retiring at the End of This Year and Will Have an Extra $40K to Invest. Should I Pay Off My Car Loan or Buy Dividend Stocks? appeared first on SmartReads CMS - SmartAsset.
( 9
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Real estate has become an increasingly popular choice among investors of just about all classes. Whether you're a large investor purchasing entire properties, or a retail investor buying into REITs or ETFs, this asset class can be a strong choice for your portfolio. But, according to a recent publication from Origin Investments, there's a risk […] The post For Real Estate Investors, Costs Are Rising Due to This Unexpected Cost appeared first on SmartReads by SmartAsset.
( 9
min )
If you retire with $750,000 in your portfolio, how long will it last? This is one of the most important questions in retirement and the answer is, it depends. It depends on a wide range of individual factors, from where you live and how much you spend to how you invest. No one can give a general […] The post How Long Will $750,000 Last in Retirement? appeared first on SmartReads CMS - SmartAsset.
( 10
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Working a job with set hours, solid benefits, and fully remote flexibility is Gen Z’s answer to hustle culture.
( 10
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(Bloomberg) -- US stocks are approaching a record high and the outlook for Corporate America is only expected to brighten. Now investors are waiting to see if the Federal Reserve derails the market’s bull run.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Avera
( 8
min )
Telecom stocks have sagged under heavy debt and concerns about slowing growth.
( 25
min )
The Communist Party is becoming less timid in its retaliation against American economic warfare
( 8
min )
Stock more than doubles from a year ago as the conglomerate continues its breakup into three companies.
( 25
min )
President Joe Biden's efforts to eliminate junk fees won't necessarily save shoppers any money, critics warn. Here's why.
( 10
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(Bloomberg) -- Elon Musk said he wants to drop the Twitter logo soon and eventually get rid of the birds that have long been its signature.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe billionaire tweeted a shimmer
( 6
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(Bloomberg) -- China has announced several measures recently to boost the economy and made a number of pledges to improve the business environment as concerns about the growth outlook continue to mount. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay
( 7
min )
Employers far beyond restaurants rely on the practice to avoid paying higher wages. Have customers reached their limit?
( 21
min )
Distressed investors are fighting over REITs trading at discount prices.
( 26
min )
Electric supplies from renewable energy, hydropower and batteries bolster vulnerable parts.
( 25
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There’s no doubt the bulls have been charging ahead in 2023. The S&P 500 is up more than 18% year-to-date, while the tech-heavy NASDAQ has been puffing out its chest with a 34% return. Right now, the gains are narrow, resting mainly on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood investor money will start spreading around more widely. If the bull market does widen out, it will raise the question of which stocks to buy, and that’s where the Smart Score can narrow the
( 10
min )
Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: Stratasys agrees to merger discussions with 3D Systems and rejects Nano again; VMware-Broadcom receives clearance from U.K. regulator; merger deal signed between Dell and Moogsoft, and KKR picks up a specialty chemicals name. After six weeks of unsolicited proposals and rejections, Stratasys (NASDAQ:SSYS) said early last week that 3D Systems' (NYSE:DDD) most recent revised buyout offer "would reasonably be expected to result in a 'Superior Proposal'" as defined within its all-stock $1.8 billion merger agreement with Desktop Metal (NYSE:DM), inked in May.
( 8
min )
Severe storms in the U.S. resulted in at least 13 individual billion-dollar events and $35 billion in insured losses for the first six months of the year.
( 26
min )
Restaurant stocks have been on a hot streak this year. Analysts question if the momentum will last given that restaurant inflation is still high.
( 26
min )
(Bloomberg) -- By some measures, the euro is at its most expensive level on record, potentially setting itself up for a fall if starts to undermine the euro area economy and forces the European Central Bank to turn dovish.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol
( 9
min )
Saudi Arabia has emerged as a private financial backer of the £4bn takeover of Selfridges, as part of a shopping spree intended to increase its international clout and boost development of its economy.
( 7
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Powerful forces, from stimulus spending to climate change, have spurred the acceleration in price growth. History suggests inflationary trends will persist.
( 26
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If you're looking at Charles Schwab’s fund options for your retirement account, SWTSX and SCHZ can be good options to consider.
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Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago.
( 26
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Swings in Ireland’s pharmaceutical industry, often rooted in tax moves by U.S.-based firms, have outsize impact on European output.
( 24
min )
The pros and cons of using your nest egg to buy a special longevity annuity in retirement.
( 24
min )
The less-than-truckload sector has been disrupted by a very public dispute between Yellow and the Teamsters. Rates have already seemingly responded and may continue to see support. The post LTL rates bounce as Yellow struggles with union appeared first on FreightWaves.
( 7
min )
While leasing has certain advantages, buying a car tends to save you money in the long run and offers greater flexibility.
( 24
min )
Do you think making two payments a month for your mortgage is a good idea? Think twice about that. We tell you why.
( 24
min )
The BanxQuote Money Markets Index was an index of money market funds, compiled by the financial information firm BanxQuote.
( 20
min )
A group health insurance plan offers coverage at a lower premium than an individual plan and is available to employees of a company or organization.
( 24
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Many states assign points to your driving record for violations. Learn how points work and how they can affect your car insurance rates.
( 21
min )
“Carriage and insurance paid to” is when a seller pays freight and insurance to deliver goods to a seller-appointed party at an agreed-upon location.
( 21
min )
We go over different types of shares and what investors need to know about them so they can make better investing decisions.
( 19
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Yearly probability of dying is a statistical estimate of the likelihood of a person dying within a year, based on age and sometimes other factors.
( 24
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Learn about the value at risk, how confidence intervals and confidence levels are used to interpret the value at risk and the difference between the two.
( 19
min )
A brokerage fee is a fee a broker charges to execute transactions or provide specialized services.
( 24
min )
A market index is a hypothetical portfolio representing a segment of the financial market. Popular indexes include the Dow Jones, S&P 500, and Nasdaq.
( 25
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Total permanent disability (TPD) is a condition in which an individual is no longer able to work due to injuries.
( 19
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Money can be made on a stock without actually owning any shares, but short selling isn't for new investors.
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The accidental death benefit (ADB) is a payment due to the beneficiary of an accidental death insurance policy. Learn more about what it covers.
( 21
min )
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type.
( 26
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Elon musk announced that he will drop Twitter's bird logo, saying it should have been done a long time ago.
( 16
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Reduce the cost of owning and maintaining a car with these clever tax tips.
( 20
min )
Learn about the difference between two freight methods and how costs apply to them.
( 21
min )
A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit.
( 29
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Examine the largest banks in the Russian Federation, including the massive conglomerate Sberbank, which is the third-largest bank in Europe.
( 20
min )
A detailed description of what a car title is and its importance to registering and owing a personal vehicle.
( 19
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Make sure the house you choose is worth the price you pay. Here are 10 tips on how to get a good price for a home.
( 24
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Here are the pros and cons of temporarily suspending your student loan payments.
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These circles of like-minded people are a wonderful way to explore investing without laying out large sums.
( 21
min )
Credit life insurance is a policy designed to pay off a borrower's debt if the borrower dies. Learn how it works and more about the pros and cons.
( 21
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Understand how dental insurance works and find out what to look for when comparing policies.
( 23
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Disability coverage is important to have in case you become physically unable to work. You can purchase group or individual coverage.
( 21
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With the rising cost of college and questionable career prospects awaiting college graduates, some are wondering if a college education is still worth it.
( 23
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Workers at firms like Nvidia, Amazon, Apple and Microsoft have seen big jumps in their company shares, but many don’t know the tax hit those earnings could bring
( 18
min )
Home equity loans and mortgages are loans that use your home as collateral, but there are important differences between the two.
( 25
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Full-time realtors are frustrated with the amount of competition now required to sell a home because the market is so saturated with agents while mortgage lenders are cutting jobs amid a deal slowdown.
( 19
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Decreasing term insurance is a renewable term life insurance with coverage decreasing at a predetermined rate throughout the policy's life.
( 21
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If you're looking at Charles Schwab’s fund options for your retirement account, SWTSX and SCHZ can be good options to consider.
( 23
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Oil and gas investments can provide unmatched tax deduction potential for accredited investors.
( 22
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Koophuizen waren vorige maand gemiddeld 5,5 procent goedkoper dan een jaar eerder. Verder blijkt dat het aantal verkochte woningen met 6 procent is gestegen in vergelijking met vorig jaar. Dat concluderen het Kadaster en statistiekbureau CBS.
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Vakantiegangers die in het buitenland in het ziekenhuis belanden, krijgen ook nog eens een pijnlijke verrassing te verwerken. Als je niet extra verzekerd bent, is er een grote kans dat je zelf een deel van de kosten moet betalen.
( 4
min )
Liefhebbers van wijnen uit Spanje of Italië hoeven zich nu nog geen zorgen te maken over het extreme weer daar. Maar als het langer aanhoudt, kan dat wel slecht uitpakken voor de druivenoogst.
( 4
min )
Vakantiegangers die in het buitenland in het ziekenhuis belanden, krijgen ook nog eens een pijnlijke verrassing te verwerken. Als je niet extra verzekerd bent, is er een grote kans dat je zelf een deel van de kosten moet betalen.
( 4
min )
Liefhebbers van wijnen uit Spanje of Italië hoeven zich nu nog geen zorgen te maken over het extreme weer daar. Maar als het langer aanhoudt, kan dat wel slecht uitpakken voor de druivenoogst.
( 4
min )
When shopping for a new car, you want to make sure that you get the best price. Learn how, without the hassle of haggling.
( 21
min )
Clearing is when an organization acts as an intermediary to reconcile orders between transacting parties. A clearing bank approves checks for payments.
( 23
min )
Renting out a room on Airbnb can be a good way to generate income, but you need to understand what is and isn’t covered by your homeowner’s insurance.
( 20
min )
Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.
( 30
min )
Although renting by the room can increase returns on rental property, it does come with a few caveats.
( 21
min )
Understanding recoverable depreciation may help you claim more in insurance reimbursement for damage to your property.
( 26
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A defined contribution (DC) plan is a retirement plan in which employees allocate part of their paychecks to an account funding their retirements.
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Your decision on how frequently to make life insurance payments, or your mode of premium, can have a big impact on your total costs.
( 19
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Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
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Product recall insurance covers expenses associated with recalling a product from the market.
( 19
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An actuarial life table is a table or spreadsheet that shows the probability of a person at a certain age dying before their next birthday and is used by insurance companies to price products.
( 19
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Business crime insurance gives companies protection from damage from corporate crimes like fraud, embezzlement, theft, and others.
( 19
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Classic car insurance is geared toward vehicles, even newer ones, that tend to appreciate in value.
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The member month refers to the number of individuals participating in an insurance plan each month. It is calculated with specific formulas.
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A ceding company is an insurance company that passes a part or all of its risks from its insurance policy portfolio to a reinsurance firm.
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A captive agent is an insurance agent who only works for one insurance company and is paid by that one company, either by salary, commission, or both.
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An HOA fee is a recurring fee paid by some homeowners to an organization that helps maintain and improve their property and others in the same group.
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Intrinsic value reduces the subjective perception of a stock's value by analyzing its fundamentals.
( 25
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A health maintenance organization (HMO) is a health insurance plan that provides health services through a network of doctors for a monthly or annual fee.
( 28
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A golden cross is a bullish chart pattern used by traders and investors where a short-term moving average crosses a long-term moving average from below.
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Although they are often confused and may be used interchangeably, the terms commodity and product are very different.
( 21
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Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
( 30
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There are differences between a bond's yield rate and its coupon rate. The coupon rate influences market price and the market price influences yield.
( 21
min )
Learn about the methods that criminals use when they are looking to launder money and how the government seeks to prevent them.
( 24
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Earlier this month Tesla CEO Elon Musk announced his latest startup, xAI, which will focus on artificial intelligence. Musk is the richest person in the world as of July, thanks to the companies he leads including Tesla, SpaceX, and Twitter.
( 18
min )
Newmont Corporation, the world’s biggest gold mining company, missed profit expectations for the second quarter as lower production and gold prices weighed on profitability.
( 17
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Interest rates can have a complicated ripple effect through financial markets. Learn more about how they specifically impact the stock market.
( 28
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An origination fee is an upfront fee charged by a lender to process a new loan application. It acts as compensation for executing the loan.
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Open an account with one of these listed companies to receive its brokerage account promotions, but be sure it's the right account for your needs.
( 23
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Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
( 21
min )
The maker of Marlboro cigarettes, Philip Morris, posted better-than-expected earnings for the second quarter.
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"New work patterns mean that people are traveling who in the past couldn’t because they were in an office Monday through Friday."
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Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.
( 30
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(Bloomberg) -- A bond market that wants to rally is anxiously waiting in the wings for the Federal Reserve to give it the green light next week as a robust economy keeps upending bullish positions.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Re
( 8
min )
(Bloomberg) -- The world’s major central banks meet in the coming week to set monetary policy amid continued signs that the worst inflation crisis in decades is easing.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitWhil
( 11
min )
(Bloomberg) -- US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled A
( 9
min )
Also this week, the British treasury issued a firm no to those calling for crypto to be regulated as gambling.
( 7
min )
(Bloomberg) -- Tesla Inc. has started offering consumers 84-month auto loans after Elon Musk said the carmaker would “have to do something” about rising interest rates.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe
( 7
min )
Precious metal prices, especially gold and silver, have seen a brief rally in July, but uncertainty remains as to whether this upward trend will continue.
( 7
min )
"Financing these at 3% [mortgage rates] then jumping rates to 6% is the same as burning them [the homes] down from a supply perspective"
( 7
min )
"Just in the last 18 months, 15 companies have stopped writing [insurance] business in Florida"
( 10
min )
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms.
( 25
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Annual pay raises can help workers keep up with the rising costs of goods and services in an economy. But when prices increase faster than wages, a pay bump can end up feeling more like a pay cut. This was the case for many workers over the last few years when inflation dwarfed wage growth. […] The post These Careers Had the Highest Pay Bumps, While Others Fell Behind – 2023 Study appeared first on SmartReads CMS - SmartAsset.
( 8
min )
If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.
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min )
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
( 10
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(Bloomberg) -- There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThat was evident Thursday, when the t
( 9
min )
Buyers and producers debate agriculture policy requiring companies use mostly U.S. sugar.
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Earlier this month Tesla CEO Elon Musk announced his latest startup, xAI, which will focus on artificial intelligence. Musk is the richest person in the world as of July, thanks to the companies he leads including Tesla, SpaceX, and Twitter.
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The U.S. is playing catch-up in battery supply chains dominated by China.
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Newmont Corporation, the world’s biggest gold mining company, missed profit expectations for the second quarter as lower production and gold prices weighed on profitability.
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A 65-year-old retiring this year can expect to spend an average of $157,500 toward healthcare expenses throughout retirement, Fidelity estimates.
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(Bloomberg) -- Chinese regulators met with global investors on Friday, according to people familiar with the matter, stepping up the government’s bid to boost market confidence as the country’s economic recovery loses steam. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganUS Recession Becomes Closer Call as Economists Rethink ForecastsPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosAMC Shares Sur
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"The company plans to reallocate the majority of those positions to new, cloud-focused technology roles," the spokesperson said in an emailed statement, adding that the overall headcount will remain the same. The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount.
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A highly automated Texas factory was supposed to bring the manufacturing of Craftsman mechanics’ tools back to American shores. The $90 million project was doomed by equipment problems and slow production.
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The world's largest oil field services company saw substantial increases in revenue and net income in the second quarter, despite a downturn in North America rig counts.
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In trials, Biogen and Eli Lilly have shown that their drugs can slow early-stage decline in the disease. It could be a bonanza for patients—and investors.
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(Bloomberg) -- Global fund managers are tamping down expectations ahead of China’s Politburo meeting, with many bracing for prolonged gloom in the stock market on bets that any policy support will lack potency.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosAMC Shares Surge as Judge Den
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De Amerikaanse regering moet meer onderzoek doen naar de gevolgen van de beperkingen op de export naar China voor de chipindustrie.
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Amazon zet een groot gebouw ter waarde van zo'n 107 miljoen euro neer bij NASA's Kennedy Space Center in de Amerikaanse staat Florida. Daar staan installaties om raketten te lanceren. Het webwinkelconcern wil er satellieten gaan bouwen.
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De Nederlandse voetbalsters spelen zondag hun eerste wedstrijd op het WK in Australië en Nieuw-Zeeland, maar commercieel is het toernooi niet aantrekkelijk. Supermarkten, winkels en adverteerders laten het massaal afweten.
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Het bedrijf achter brillenmerk Ray-Ban en Oakley wordt er door Amerikaanse consumenten van beschuldigd dat het de prijzen van zijn brillen tot wel 1.000 procent heeft opgedreven.
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Nu Twitter zich door chaos na chaos worstelt, schieten de alternatieven als paddenstoelen uit de grond. Maar Threads is er niet in Nederland, op Bluesky is het rustig en Mastodon lijkt te ingewikkeld. De twitteraar kan eigenlijk geen kant op.
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IntraFi Network Deposits help consumers with large deposits insure their money by spreading funds out to stay below the FDIC insurance limit of $250,000 per depositor per bank.
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Checking accounts do not require beneficiaries, but consumers can add them upon request. Learn how payable-on-death accounts work.
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State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
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American Express posted record revenue, but it still came up short of forecasts as network volumes growth slowed after several quarters of double-digit percent growth.
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The S&P 500 was little changed on Friday, July 21, 2023, but posted gains for the week on strong corporate earnings reports.
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Despite mixed second-quarter results, shares of regional lenders surged this week as their deposits stabilized after high-profile bank failures earlier this year.
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Interpublic Group shares tumbled on Friday after slashing its 2023 organic revenue growth forecast in half, citing falling business from tech firms.
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Private equity firm KKR agreed to buy Chase Corp for $1.3 billion in a move that expands its holdings in the specialty chemicals space.
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Both Wealthsimple and Betterment have features that appeal to less experienced investors, with plenty of planning tools and zero opening balances.
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Both of these firms have created solid offerings, but Charles Schwab Intelligent Portfolios has lower fees
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Coming up: big tech earnings, the Fed's July policy meeting, and the central bank's preferred gauge of inflation.
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On the surface, Betterment and Fidelity Go share many similarities. However, there are some key differences between Betterment and Fidelity Go that will help you choose the best fit for your money.
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Two solid options. The right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.
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Ellevest offers the most account options with the Executive membership flat fee, but Betterment caters to new investors, with live customer service and low-cost options.
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FutureAdvisor and Betterment are very different robo-advisories, but they share a similar approach. Both rely heavily on Modern Portfolio Theory (MPT) in managing your portfolio, although the specifics of portfolio creation and rebalancing differ.
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M1 Finance and Betterment are two top robo-advisors offering different services. Betterment is better for setting financial goals and M1 is better for automated investing.
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Here's a rundown of the specific tax rules that apply to homeowners renting out a vacation property.
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In terms of numbers, there are very few categories where Stash outperforms Betterment. This is to be expected as Betterment is one of the top robo-advisors we reviewed.
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Wealthfront and Betterment both earned spots in our Best Robo-Advisor Awards. We describe their similarities and differences to help you decide which is best for you.
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A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income.
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A trader is someone who engages in the purchase or sale of assets in any financial market, either for themself or on behalf of another party.
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For day traders seeking an edge in trading the market from both the long and short sides, 5-, 8-, and 13-period simple moving averages (SMA) offer a valuable addition to one's strategy.
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You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
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U.S. equities were up at midday on Friday, July 21, 2023 and on track for a winning week, powered by strong earnings news.
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Shares of railroad operator CSX fell after missing revenue estimates as intermodal shipping volumes dropped.
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Digital World Acquisition Corp. shares soared after an SEC settlement over charges it misled investors.
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An IP address is a unique identifier associated with a computer or network, which allows users to send and receive data.
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Moving average convergence/divergence (MACD) is a momentum indicator that shows the relationship between two moving averages of a security’s price.
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Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
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Personal loans are not considered income and cannot be taxed unless the loan is forgiven.
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First-time homebuyers may make mistakes in the mortgage and home-buying processes. Here are some of the most common mistakes to avoid to save money and time.
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U.S. Treasury Secretary Janet Yellen visited Vietnam this week and talked about the country's role in protecting domestic supply chains.
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The team will be tasked with analyzing ways to avoid debt ceiling standoffs and “make the risk of default a thing of the past.”
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Payday loans are almost always more expensive than personal loans when it comes to borrowing money and tend to be riskier as well.
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A lawsuit settlement loan is a cash advance for an impending settlement or judgment. There can be pricey strings attached.
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Investors are growing more bullish and optimistic about a soft landing as inflation cools, according to a Morgan Stanley Wealth Management Pulse Survey.
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This personal loan calculator will help you calculate monthly payments
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Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
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Personal loans and credit cards both offer a way to borrow funds, but there have different advantages and risks. Learn how these two funding sources compare.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
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The Dutch East India Co. was the first company to sell shares of a business to the public in 1602.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
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Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
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Year to date (YTD) refers to the period of time beginning on the first day of the current calendar year or fiscal year and extending up to the current date.
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Peer-to-peer (P2P) lending enables an individual to obtain a loan directly from another individual, cutting out the traditional bank as the middleman.
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Learn about the difference between market capitalization and market value including the factors that go into the calculation of each metric. While both provide a measure of corporate assets, the two are vastly different in their calculation and precision.
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Personal loans from friends, family, and employers fall under common categories of debt that can be discharged in the case of bankruptcy.
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Learn about the four most common reasons a company may choose to suspends its dividends, including financial trouble, funding growth and unexpected expenses.
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Executives at Amazon, Anthropic, Alphabet, Inflection, Meta, Microsoft, and OpenAI will meet at the White House with administration officials Friday to discuss the voluntary agreements.
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The Great Recession may be over, but broker wrongdoing hasn't. How do you know if a broker is legit?
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Supplemental Security Income (SSI) is a benefit for people with disabilities. The SSI resource limit hasn't kept up with inflation, and $2,000 buys far less than it did when it was set in the 1970s.
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Institutional ownership can both create and destroy value for shareholders. Learn how to stay ahead of the game.
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Discover some reasons that corporations might issue preference or preferred shares, and why investors might value them more than common shares.
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Find out how dividends affect a company's stockholder equity and how the accounting process changes based on the type of dividend issued.
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(Bloomberg) -- Leaders of the largest US chipmakers told Biden officials this week that the administration should study the impact of restrictions on exports to China and pause before implementing new ones, according to people familiar with their discussions.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosPutin Warns Poland Over ‘Aggression’ Against Ally BelarusAMC Shares Surge as Judge Denies APE Deal in Surprise R
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India could account for 10% of the world’s Apple users by 2032, and contribute $40 billion of the company’s revenue, according to one analyst.
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The governor says the investigation will protect the retirees of Florida.
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Stocks are climbing on strong earnings and expectations for a rate-hike pause. Still, there are disquieting signs that the economy is slowing.
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Climate change, extreme weather, and a deluge of litigation have made Florida an expensive state for insurance companies to do business in.
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A judge blocked the conversion of APEs to common shares.
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AMC Entertainment shares soared 70% after-hours Friday after a judge rejected a proposed court settlement that would have cleared the way for the movie-theater giant to complete a set of equity transactions enabling it to issue substantially more shares.
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American Express posted record revenue, but it still came up short of forecasts as network volumes growth slowed after several quarters of double-digit percent growth.
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Johnson & Johnson will offer its holders to chance to swap their shares for Kenvue stock
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Shares of electric-vehicle maker Tesla trade an incredible amount of volume on a daily basis, making the average holding time shockingly short.
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Ahead of the Nasdaq-100 rebalance, individual investors piled into an exchange-traded fund that tracks the tech-focused index.
Investors poured more
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(Bloomberg) -- It made sense at the time. Jerome Powell was waging war on inflation. The bond market was flashing dire warnings. Practically everyone saw a recession coming.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink of ChaosAMC Shares Surge as Judge Denies APE Deal in Surprise RulingAnd ye
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(Bloomberg Law) -- AMC Entertainment Holdings Inc. was blocked by a Delaware judge Friday from converting its controversial APE preferred units into common stock, a ruling that sent the company’s class A shares surging 100% in after-hours trading.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesPutin Warns Poland Over ‘Aggression’ Against Ally BelarusWhy South Africa Is on the Brink
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The 5th U.S. Circuit Court of Appeals in New Orleans said it will review the case en banc, meaning that all active judges will take part. A three-judge panel of the same court had in March upheld a National Labor Relations Board decision that Musk's tweet was an unlawful threat that could discourage unionization, and ordering Musk to delete it.
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"It is indeed a mad, mad world," says Société Générale's Albert Edwards. “What on earth is going on? Something very strange has happened…”
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Stock in the satellite radio operator soared 42% Thursday as a result of a short squeeze.
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"With a UPS strike, everyone in America will feel it if it happens," said one expert who pegged the potential economic hit at $5 billion.
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Oil prices logged their fourth straight weekly gain, powered by a combination of factors.
U.S. crude oil futures settled at $77.07 a barrel Friday, up 1.9% on the day and about 11% over the past four weeks. Today's settlement was the highest since April 25.
The reasons for the rally:
_**Supply
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Next week, several of Wall Street’s heavyweights will step up to the earnings plate, amongst them Microsoft (NASDAQ:MSFT). The tech giant will deliver its fiscal fourth quarter of 2023 statement (June quarter) on Tuesday (July 25) amidst strong optimism the company is only starting to benefit from the ongoing adoption of generative AI. As such, ahead of the print, Piper Sandler analyst Brent Bracelin sees a ‘solid’ set-up, given “1) robust Gen AI momentum, which could drive above-consensus capex
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(Bloomberg) -- Amazon.com Inc. will require some corporate employees to relocate as part of a mandate requiring workers to be in the office three days a week, according to people familiar with the matter, the latest source of strain between the tech giant and its workforce following layoffs that began last year.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Cal
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(Bloomberg) -- A likely re-weighting of Sirius XM Holdings Inc. in the Nasdaq 100 is adding another twist to the stock’s wild moves, with the market transfixed by an unprecedented short squeeze.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesWhy South Africa Is on the Brink of ChaosPutin Warns Poland Over ‘Aggression’ Against Ally BelarusApple Tests ‘Apple GPT,’ Develops Generative
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Some investors bought shares even after the company went bankrupt in April, betting on a long-shot revival.
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Cyrus Hodes alleges CEO Emad Mostaque convinced him “that the company he had helped build was essentially worthless.”
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A CIO survey reveals that companies are prioritizing AI applications in their spending plans. That also helps explain why Taiwan Semi noted a softening in demand for chips in its earnings report.
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The car seller earned $6.29 a share for the second quarter. Analysts tracked by FactSet had penciled in $5.91.
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“We’ll have all these little mid-block parks in New York City because there won’t be anything else to do with those buildings," Sternlicht warned.
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Many investors entered the second-quarter earnings season expecting the worst for regional banks. But that didn’t materialize in the results released this week, at least not for the bigger players.
Another round of earnings results Friday also showed stabilizing deposits at regional lenders:
Dep
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A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday. The post Yellow’s fate likely in hands of Kansas district court appeared first on FreightWaves.
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With markets rallying and the Federal Trade Commission unable to stop deal-making in court, a rebound in capital-markets activity alone could propel the stock.
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(Bloomberg) -- Optimism about artificial intelligence boosting demand for semiconductors won’t be enough to offset the challenges from an oversupply of chips and a murky economic backdrop, when companies such as Texas Instruments, Intel and NXP Semiconductors report earnings next week.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsPutin Warns Poland Over ‘Aggression’ Against Ally BelarusBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rat
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(Bloomberg) -- The one-time king of the bond world is talking down the Treasury market. Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomWhile the yields may have peaked this year, “a bull market is not in the cards,” Bill Gross, the former chief invest
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Annuities are an ideal option for investors seeking regular income in retirement. They pay out a fixed stream of payments on a monthly or annual basis that you can never outlive. Here's how much you'd get per month if you … Continue reading → The post How Much Does a $50,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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Abbot upgraded, Carvana downgraded: Wall Street's top analyst calls
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Every investor seeks to reap the rewards of their stocks; otherwise, they wouldn’t be involved in the markets. However, discovering the ideal investment, one that will yield profits, can prove to be a challenge, particularly in today’s market environment. To ensure solid returns, investors can follow two straightforward strategies. The first is to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the growth
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She allegedly used some of that 'bonus' to invest in an unnamed A.I. safety and research firm.
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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.
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Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
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The Nasdaq-100 is getting rebalanced after its biggest tech companies got too big.
The move was triggered earlier this month when the companies in the index with weightings exceeding 4.5% saw their combined weighting surpass 48%, according to Cameron Lilja, global head of index product and operatio
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Vietnam on Friday called on the country's food association to ensure sufficient domestic rice supplies and food security after India's move to curb its exports. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to reduce domestic prices. "India's move to curb its rice exports will affect the global rice market," Vietnam's Ministry of Industry and Trade said in a document sent to the Vietnam Food Association and reviewed by Reuters.
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Super Micro Computer, Inc. (SMCI) shares are up a monster 269% in 2023. This uptrend is being powered by mega appetite for the stock.
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The special purpose acquisition company (SPAC), which in October 2021 agreed to take Truth Social-parent Trump Media & Technology Group (TMTG) public, agreed to pay $18 million in fine to settle charges that it had made "material misrepresentations" to investors if it closes the merger. "It was weighing on shares and this gives investors hope that a deal could be completed," said Dennis Dick, a trader and equity market structure analyst at Triple D Trading. If the deal consummates, TMTG will have more than $1 billion of cash in its reach from the SPAC's institutional investors.
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American Express saw its profit and revenue climb in the second quarter and credit card use is climbing, but the company's stock slipped before the market open as it set aside more money for possible defaults on payments. American Express earned $2.17 billion, or $2.89 per share, topping Wall Street expectations for $2.80, according to analysts surveyed by Zacks Investment Research.
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SLB reports better-than-expected adjusted earnings in the second quarter but revenue of $8.1 billion misses analysts' expectations.
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Amex beat on earnings and missed on revenue. Consolidated provisions for credit losses rose to $1.2 billion, up from $1.1 billion in the prior quarter.
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Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. "It does make sense to sacrifice margins in favor of making more vehicles," Musk said on Wednesday, noting that Tesla was facing "turbulent times." Tesla shares fell nearly 10% on Thursday as investors worried that the automaker's margins, which have been in steady retreat for the past year, face further headwinds.
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Russia's central bank raised its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand. It was the first time the bank had lifted rates in more than a year, having gradually reversed an emergency hike to 20% made in February last year after Russia sent its armed forces into Ukraine, which prompted the West to impose sanctions on Moscow.
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Joe Biden’s plans to boost the US microchip industry have been dealt a setback after the opening of a key factory in Arizona was delayed until at least 2025.
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TSMC may have to fly in engineeers from Taiwan to help build its Arizona plant, TSMC chairman Mark Liu complained on Thursday.
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Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records
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Shares of Citizens Financial, U.S. Bancorp and KeyCorp are up this week.
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Tesla stock rises after a sharp slump following the electric-vehicle maker's second-quarter earnings, Intuitive Surgical's adjusted profit missed estimates, and revenue falls at CSX on lower fuel and coal prices.
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The lawsuit alleges that fraudulent transfers of cash and shares were used to finance political donations, real estate buys, Sam Bankman-Fried’s criminal defense, and even potentially an island.
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The U.S. DOJ also wants to ban the disgraced founder of FTX and all parties involved in the FTX case from making any out of court statements in the future.
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Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Carvana, Sirius XM, Estee Lauder, and XPeng. Today, Piper Sandler downgraded Carvana (NYSE:CVNA) to Neutral from Overweight with a price target of $48.00 (previously $29.00). The rating changes came after the company posted impressive Q2 results and announced a debt restructuring agreement, causing the stock to surge over 40% on Wednesday.
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Investing.com -- Intuitive Surgical (NASDAQ:ISRG) reported second quarter results that beat analyst expectations, driven by a rebound in elective surgeries following the lull during the pandemic when non-COVID-related procedures were held back.
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China's weak economic figures had kept a lid on prices through the week. However, sentiment across commodity markets has picked up on hopes the central government would roll out more stimulus measures to support the economy. Higher crude prices have come "on positive commentary on China stimulus and looked through impacts from the stronger U.S. dollar index," National Australia Bank analysts said in a note.
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Volume and pricing gains for CSX’s merchandise segment weren’t enough to offset a decline in intermodal volumes and falling export coal benchmark prices, CSX said. The post CSX’s Q2 profit slips 15% on lower revenues appeared first on FreightWaves.
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With the second half of 2023 well underway, it is a good time to assess the current state of the stock market and examine which equities analysts are selecting as their ‘Top Picks’ for the remainder of the year. The analysts have analyzed each stock, taking into account its past and current performance, trends across various time frames, as well as management’s plans. They consider every aspect before making their recommendations, which offer valuable guidance for constructing a resilient portfo
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De laatste tijd verhogen banken bijna maandelijks hun rente voor spaarders. Bij Rabobank gaat op 15 augustus de rente voor vrij opneembaar spaargeld omhoog van 1,25 naar 1,5 procent. ING-klanten met een spaarsaldo tot en met 10.000 euro ontvangen vanaf dat moment 1,25 procent.
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Als het aan het stadsbestuur in Amsterdam ligt, komen er geen cruiseschepen meer in de buurt van de binnenstad. Ook moet de cruiseterminal die nu nog vlak bij het centraal station ligt, naar een plek buiten het centrum verhuizen.
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Het vorig jaar omgevallen cryptofplatform FTX eist 1 miljard dollar (900 miljoen euro) terug van enkele oud-bestuurders. Onder hen is voormalig topman Sam Bankman-Fried. Volgens de aanklacht zou hij samen met drie anderen geld van FTX achterover hebben gedrukt.
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EU-lidstaten hebben hun financiële huishouding weer beter op orde, blijkt uit nieuwe cijfers. Na de coronasteun en ingrepen tijdens de energiecrisis zorgen landen er weer voor dat hun begrotingstekort en staatsschuld niet te hard oplopen.
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Papierfabriek De Hoop in het Gelderse Eerbeek gaat eind dit jaar echt de deuren sluiten. Het Finse moederbedrijf Stora Enso besluit hiertoe omdat de productie van papier en karton duurder is geworden sinds de oorlog in Oekraïne.
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Bijna maandelijks verhogen banken dit jaar de spaarrente. Nu komt Rabobank voor de vijfde keer dit jaar met een renteverhoging. De rente voor vrij opneembaar spaargeld. gaat op 15 augustus omhoog van 1,25 procent naar 1,5 procent.
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De prijzen van rijst zullen wereldwijd oplopen doordat India, een van de grootste rijstexporteurs ter wereld, de export ervan aan banden legt.
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min )
Consumenten dienen veel minder klachten in over bankiers, blijkt uit cijfers van Tuchtrecht Banken over 2022. De meeste binnengekomen meldingen over het gedrag van bankmedewerkers kwamen van de banken zelf. Al levert niet elke bank netjes iets in over wangedrag.
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Consumenten dienen veel minder klachten in over bankiers, blijkt uit cijfers van Tuchtrecht Banken over 2022. De meeste binnengekomen meldingen over het gedrag van bankmedewerkers kwamen van de banken zelf. Al levert niet elke bank netjes iets in over wangedrag.
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De krapte op de arbeidsmarkt leidt tot steeds meer problemen op de werkvloer, blijkt uit een rondgang van NU.nl. Zo zijn er onder meer conflicten over het concurrentiebeding, dat moet voorkomen dat werknemers soortgelijk werk uitvoeren bij een ander bedrijf.
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The energy crisis in 1973 was one of two oil price shocks during the 1970s. The other occurred in 1979.
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Already at a 15-year high, the top savings account rate in the country is now 5.20% APY. Or you can choose from more than a dozen other options that pay 5.00% or more.
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Investing internationally is a great way to diversify a portfolio, but as an investor you need to know the risks and barriers in the global markets.
( 19
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The metals and mining sector is the industry dedicated to the location and extraction of metal and mineral reserves around the world.
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Sales for existing single-family homes dropped to the slowest pace in 14 years and were down 18.8% from the previous year.
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Learn about how bond yields are affected by monetary policy. Find out how this determines the risk-free rate of return and its large role in bond pricing.
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CD rates are still climbing and setting records in almost every term, according to July's new national rate averages from the FDIC. But how long can the good times last?
( 18
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American Airlines improved its operating revenue by 17%, but shares fell after its forward guidance underwhelmed compared to other airlines' outlooks.
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The Dow rose, but the S&P 500 slipped 0.7% on Thursday, July 20, 2023, while the Nasdaq tumbled almost 2% after the latest round of corporate earnings reports.
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Shares of conservative shopping site PublicSq soared on their first day of trading on the New York Stock Exchange.
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Shares of Equifax plunged as the credit rating service slashed its full-year sales and profit outlook, blaming a weak mortgage market.
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Economics professor Linda M. Hooks shares critical advice for would-be borrowers contemplating taking out a personal loan.
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Blackstone reaches $1 trillion asset milestone, but weak real estate, credit, dealmaking markets push profit distributions down 40%
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Depreciation recapture is the gain realized by the sale of depreciable capital property that must be reported as ordinary income for tax purposes.
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There is no need for a wallet or phone and Prime members can link their Amazon One profile to their account to receive savings and rewards at more than 500 Whole Foods stores.
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The Paycheck Protection Program (PPP) was a federal program that paid out $790.9 billion in small-business loans during the COVID-19 pandemic.
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Learn how to calculate the real yield of an inflation-adjusted bond, such as U.S. Treasury inflation-protected securities (TIPS).
( 21
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How to read and interpret a company's environmental, social, governance (ESG) scores and where to find them.
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A swingline loan is a type of loan that gives borrowers access to a large amount of cash for a short period of time. It can also be used as a line of revolving credit to draw on as needed.
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Discover the major expenses that airlines must pay. The two largest are labor costs and fuel costs, with fuel costs being the largest short-term factor for airlines.
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An investment portfolio is a term that refers to all of your investments. Here's what to focus on if you're building a portfolio specifically for retirement.
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Learn how personal loan interest rates work, how rate types differ, and what the average interest rate is on a typical personal loan.
( 26
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YouTube Premium, the site’s ad-free platform offering access to original YouTube production content, just got $2 more expensive.
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Customers at early adopting institutions will be able to send payments almost instantly with the new service.
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Short-term bonds typically yield higher interest rates than money market funds, so the potential to earn more income over time is greater.
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A Regional Check Processing Center (RCPC) is a local Federal Reserve facility where checks that are drawn on depository institutions are processed overnight.
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The Dow Jones Industrial Average (DJIA) reached its all-time high on Jan. 5, 2022, when it hit 36,952.65 points.
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U.S. equites were mixed at midday on July 20, 2023 as weak earnings news, especially in the tech sector, held back gains.
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IBM shares gained after the technology giant beat earnings estimates as productivity rose following layoffs and emphasized client demand for its AI products.
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Shares of Johnson & Johnson advanced as the pharmaceutical and medical products firm posted better-than-expected results and raised its guidance on higher demand for its medtech products.
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Discover Financial Services (DFS) stock fell as much 15% in trading on Thursday after it disclosed regulatory issues involving the misclassification of its credit cards in its second quarter earnings report.
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The American Customer Satisfaction Index (ACSI) is an economic indicator based on a survey of U.S. consumers about products and services they use.
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TSMC shares slid after reporting a drop in profit for the first time in four years, amid a decline in demand for electronics.
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Find out how lending cash to family or friends can put a strain on your relationship and your bank account. Learn how to make family loans safely.
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Real estate investment trusts (REITs) own, operate, or finance income-producing properties.
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Taking out a personal loan can affect your credit score in a number of ways—both good and bad. Repaying it in a timely manner is key to a healthy score.
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Personal loans are a type of funding that usually includes a fixed interest rate, which is typically lower than what’s offered by most credit cards.
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Learn about this type of Roth conversion from a 401(k) and how it is a tax-free strategy
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Netflix shares fell in extended trading after reporting modest earnings and revenue growth as subscribers surged amid the company's crackdown on password sharing and the continued rollout of its new lower-priced subscription tier.
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Elon Musk remained committed to Tesla price cuts despite hurting the company's profitability, suggesting sales volumes would make up for the margin pain in the long run.
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Tesla shares fell after reporting revenue that beat expectations but lower profit margins thanks to price cuts, and Netflix shares tumbled after it missed on revenue projections despite strong subscriber growth. Here’s what investors need to know today.
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An SBA microloan provides funding for small businesses that want to invest in their growth. Learn about an SBA microloan’s features, requirements, and how to apply.
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Winsorized mean is an averaging method that involves replacing the smallest and largest values of a data set with the observations closest to them.
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A modified endowment contract (MEC) describes a life insurance policy that has lost tax benefits because the cash contained exceeds federal tax-law limits.
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Before purchasing life insurance, it's important to decide if you really need it, what type of policy is best, and how much coverage you should get.
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Lis pendens is an official notice to the public that a lawsuit has been filed and a property has a claim against it.
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The diversions and threatened labor action add new peril to a debt-saddled company that is burning cash.
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Already at a 15-year high, the top savings account rate in the country is now 5.20% APY. Or you can choose from more than a dozen other options that pay 5.00% or more.
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Executives of the regional bank say they are zeroing in on its most profitable business lines and moving away from one-off customer relationships that don't generate as much revenue.
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For months, investors have been trying to forecast the direction of real estate investment trusts (REITs), analyzing various economic forces of inflation, interest rate hikes and the looming possibility of a recession within the next year or two. This week marks the release of second-quarter 2023 earnings for several bellwether REITs spanning different real estate subsectors, and so far, it's been a mixed bag of results. Investors scrutinize year-over-year changes in earnings — or funds from ope
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CD rates are still climbing and setting records in almost every term, according to July's new national rate averages from the FDIC. But how long can the good times last?
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American Airlines improved its operating revenue by 17%, but shares fell after its forward guidance underwhelmed compared to other airlines' outlooks.
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Short covering, a busted pair trade, and possible index rebalancing might be behind the move.
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Tesla Inc. CEO Elon Musk appears to be involved in a secretive project constructing an all-glass home near the company's Austin-area Gigafactory, as reported by The Wall Street Journal. Dubbed Project 42 by Tesla employees, this initiative has been shrouded in mystery over the past year. The Wall Street Journal sources claim that Tesla's board launched an investigation into concerns that Musk might be using company funds to build his glass house. The project is said to involve the purchase of mi
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Trainer warned that Tesla would have to earn twice the annual profit of Apple by 2032 to justify its current valuation.
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Shares of conservative shopping site PublicSq soared on their first day of trading on the New York Stock Exchange.
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Shares in Elon Musk's EV maker could hit $350, analyst Dan Ives wrote in a new research note following its second-quarter results.
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The German software giant continues to show strong cloud growth, and sees AI doubling the size of its addressable market.
( 26
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Coinbase Borrow, a program that allowed customers to receive fiat loans of up to $1 million against as much as 30% of their bitcoin (BTC) holdings, will be shutting down over the coming months as the company focuses its resources on products that “customers care about most,” a spokesperson said.
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(Bloomberg) -- Newmont Corp. posted its worst day in 12 months after the world’s biggest gold producer reported earnings that missed analyst estimates following a series of operational setbacks.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomWhat a UPS
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(Bloomberg) -- The Federal Reserve’s widely expected increase in interest rates next week may prove to be the last in its current credit-tightening campaign, former Chair Ben Bernanke said.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIWhat a UPS Strike Would Mean For Consumers, Businesses and the EconomyBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesSelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’
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Tesla CEO Elon Musk said he loves his loyal fanbase of retail investors, and warned that American consumers are falling behind on their monthly bills.
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An investment portfolio is a term that refers to all of your investments. Here's what to focus on if you're building a portfolio specifically for retirement.
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(Bloomberg) -- SAP SE shares fell in New York after second-quarter sales in its cloud unit missed analyst estimates. Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomWhat a UPS Strike Would Mean for Consumers, Businesses and the EconomySales in constant
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House prices will not rebound after the slump because interest rates will still be higher than they have been for the last decade, economists have warned.
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Microsoft’s stock surged to an all-time high Tuesday after the company announced it would offer a $30-per-month subscription for a suite of A.I.-powered Office products.
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On its earnings call Wednesday, the company highlighted the opportunity for Watson X, its new platform for enterprise AI applications.
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Two analysts raised their price targets on the stock, seeing improving performance for the Azure cloud business and big promise in AI.
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A surprisingly early distribution and a stretched valuation hit J&J’s consumer health arm hard.
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Nvidia and its CEO, Jensen Huang, came up on Tesla's earnings conference call.
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(Bloomberg) -- Kenvue Inc., the consumer-focused spinoff of Johnson & Johnson that owns brands such as Band-Aid and Tylenol, fell on Thursday after J&J said it’s preparing to launch an exchange offer for its majority stake. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Sinks as Musk Warns of More Blows to ProfitabilityMu
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The world's largest contract chip maker reported a 23% fall in second-quarter profit as it grapples with a slump in demand for electronic devices.
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Four insurers have reduced their exposure in the state following series of disasters.
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The carrier's earnings are good, but not quite good enough after the high bar set by rivals Delta and United.
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Unprecedented temperatures are a common theme this summer, making it very possible this year will be the hottest year ever recorded on Earth. Meanwhile, as the scorching heat bears down on many corners of the globe, investors are enjoying an extended moment in the sun. The markets have been on a consistent upward trend, evoking memories of the euphoric days during the pandemic when gains seemed to come free and easy. In fact, billionaire Seth Klarman suggests that the so-called pandemic bubble m
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IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with PublicSq. to discuss the company’s merger with Colombier Acquisition Corp. (NYSE: CLBR), its growth story and business model along […]
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Another round of regional banks are out with second-quarter earnings results.
Fifth Third (FITB) said deposits rose around 1% from the previous quarter and 2% from a year earlier.
KeyCorp [(KEY)](http
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Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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Saving for retirement is one of the most important parts of securing your financial future. While programs like Social Security can help, they often aren't enough on their own. This is why it is crucial to have retirement savings of … Continue reading → The post How Long Will $800,000 Last in Retirement? appeared first on SmartAsset Blog.
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
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Investors are always delighted when a stock in their portfolio announces a dividend increase. For income investors, it means a monthly or quarterly raise. For investors more concerned with growth, dividend hikes often mean more than just a rise in income. Dividend increases can portend an increase in future earnings as well because the earnings need to cover the dividends being paid to shareholders. As earnings increase, share price appreciation often follows. Most real estate investment trusts
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A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald's restaurant. Lawyers for the family of Olivia Caraballo, who was 4 when she was burned in 2019, were seeking $15 million in damages. Jurors reached their verdict after deliberating for less than two hours on Wednesday, the South Florida SunSentinel reported.
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American Airlines beats earnings expectations, posts record revenue in the second quarter, and follows Delta Air Lines and United Airlines in hiking its full-year profit guidance.
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The strike in Hollywood is raising concerns about the streaming service's content.
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The euro has recently experienced a modest rally, surpassing the 1.1250 level. However, signs of hesitation in its upward trajectory have emerged.
( 8
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The company reports better-than-expected numbers, but ongoing litigation remains a concern for investors.
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Baby boomers and Gen Xers aren't going anywhere—they'll make up more than 25% of the workforce by the end of the decade.
( 8
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Travelers Companies Inc on Thursday reported a 98% fall in quarterly profit, as severe wind and hail storms in parts of the United States pushed up its catastrophe losses. Core income of the New York-based company, often seen as a bellwether for the insurance sector as it typically reports before industry peers, fell to $15 million, or $0.06 per share, in the second quarter ended June 30, from $625 million, or $2.57 per share, a year earlier. Severe storms in parts of the United States caused the insurer's catastrophe losses net of reinsurance to jump to $1.48 billion from $746 million a year earlier.
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Banks have begun to raise their buffers for credit-loss provisions in the event customers, facing the brunt of high interest rates, are unable to pay back debt on their credit cards or miss loan repayments. "We prudently increased our provision and allowance amid the uncertain economic backdrop," Truist CEO Bill Rogers said in a statement. The bank set aside $538 million in provisions for credit losses in the quarter ended June 30, compared with $171 million a year earlier.
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The company reports better-than-expected earnings, but talc worries and legal risks remain top of mind for investors.
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The company incorrectly classified certain credit card accounts into its highest merchant and merchant acquirer pricing tier, beginning around mid-2007, Discover said after markets closed on Wednesday. It has also received a proposed consent order from the Federal Deposit Insurance Corporation (FDIC) in connection with consumer compliance that does not include the card product classification matter. However, Discover said it has determined that the revenue impact of the incorrect card product classification was not material to its consolidated financial statements for any of the affected periods.
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This year has taught the brokerage the downsides of being a bank when interest rates shoot higher.
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(Bloomberg) -- Tesla Inc. fell in late trading after profitability shrank in the second quarter, and the carmaker warned hits to margins are likely to keep coming.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Ol
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The world's largest contract chip maker reported a 23% fall in second-quarter profit as it grapples with a slump in demand for electronic devices.
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Taiwanese chipmaker TSMC posted a 23.3% fall in second-quarter net profit on Thursday as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers and coming off a strong period last year. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, saw April-June net profit drop to T$181.8 billion ($5.85 billion) from T$237.0 billion a year earlier. That compared with the T$172.55 billion average of 21 analyst estimates compiled by Refinitiv.
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We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.
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(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted a smaller than expected profit decline, after the global AI development boom outweighed a persistent slump in smartphone demand.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Investor Rode a 14,800%
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Despite their woeful underperformance this year, income-oriented investors should still consider including dividend-paying stocks or funds in their portfolios.
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Finnish telecom gear group Nokia on Thursday reported a drop in second-quarter profit due to a drop in margin as growth in sales of 5G gear in markets such as India failed to offset slowing demand in North America. Comparable operating profit fell to 626 million euros ($702.37 million) from 714 million euros last year. Nokia and rival Ericsson have been hit by slowing orders from customers, mostly in their high-margin North American markets.
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(Bloomberg) -- China’s latest pledges to rebuild a shattered private sector fell flat with investors, underscoring the damage two years of crackdowns and pandemic controls have had on confidence in the world’s second-largest economy. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27
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(Bloomberg) -- Nothing symbolizes the demise of China Evergrande Group like the Hong Kong tower that it bought for a record $1.6 billion. Once a jewel in the developer’s crown, creditors are still trying to sell the building almost a year after seizing it. Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14
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The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow's mayor as showing the resilience of Russia's auto industry to Western sanctions. "This is a historic event," Sergei Sobyanin said as the Moskvich was unveiled at a factory the Moscow government took from French carmaker Renault last year for just one rouble ($0.01).
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Recent months have made it clear that the Biden Administration’s embrace of the ‘Green Economy,’ and especially the clean energy sector, is far more than just skin deep. The administration, from the Inflation Reduction Act signed last August to more recent multi-billion-dollar funding initiatives, has been going all-in on clean energy. The Biden White House has been promoting electric vehicles, pushing for solar and wind-powered energy production, and implementing tax and regulatory incentives t
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The U.S. housing market firmed up this year. One reason being that buyers jumped in assuming they'll be able to refinance to a lower rate in the near future.
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Het aantal werklozen kwam eind juni uit op 353.000. Daarmee zit 3,5 procent van de beroepsbevolking thuis zonder baan. Dat is net zoveel als een maand eerder, meldt statistiekbureau CBS donderdag.
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Ervaren Indonesische verpleegkundigen worden onder valse voorwendselen naar Nederland gehaald om hier de zorg te verlichten. Ze moeten veel meer werken dan afgesproken en worden niet opgeleid zoals beloofd, blijkt uit onderzoek van NU.nl. De arbeidsinspectie en de IND hebben zich nu ook op de zaak gestort.
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De Turkse centrale bank schroeft zijn rentetarief opnieuw op, van 15 naar 17,5 procent. Daarmee hopen de Turkse autoriteiten de gierende inflatie in het land onder controle te houden.
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Tata Steel twijfelt over de manier waarop het bedrijf 'groen staal' gaat maken. Zelfs een volledig afscheid van het plan om klimaatvriendelijk staal te maken met groene waterstof ligt op tafel, blijkt uit interne notulen die in handen van NU.nl zijn.
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Volvo wil steeds meer elektrische auto's verkopen, maar de focus op elektrisch is niet direct goed voor de winstcijfers. In het tweede kwartaal maakte de autofabrikant 3,5 miljard kronen (300 miljoen euro) winst, 60 procent minder dan vorig jaar.
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De Rotterdamse haven heeft last van de hoge inflatie en de wereldwijd afzwakkende economie. De overslag daalde in de eerste zes maanden van dit jaar dan ook met 5,5 procent.
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Ook Apple werkt aan een eigen chatbot met kunstmatige intelligentie, meldt Bloomberg. Maar deze 'AppleGPT', zoals hij door ingewijden wordt genoemd, is voorlopig nog niet klaar voor het grote publiek.
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Netflix heeft de afgelopen maanden miljoenen nieuwe abonnees verwelkomd. Dat komt deels doordat de streamingdienst het onderling delen van accounts met vrienden en familie aan banden heeft gelegd. Daardoor hebben meer mensen een eigen abonnement genomen.
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De Autoriteit Consument & Markt heeft twee producenten van verkeersborden een boete opgelegd vanwege verboden prijsafspraken.
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Netflix heeft de afgelopen maanden miljoenen nieuwe abonnees verwelkomd. Dat komt deels doordat de streamingdienst het onderling delen van accounts met vrienden en familie aan banden heeft gelegd. Daardoor hebben meer mensen een eigen abonnement genomen.
( 3
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Tesla beleeft een zeer succesvol jaar. Er werden in het afgelopen kwartaal veel meer auto's verkocht en daardoor steeg de omzet van de autofabrikant met bijna 50 procent tot omgerekend 22,2 miljard euro. Dat leverde ook meer winst op.
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Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.
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Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.
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Bedrijven hebben in mei 6,9 procent meer geïnvesteerd dan in dezelfde maand vorig jaar. Dat komt vooral doordat ze meer geld hebben gestoken in gebouwen, personenauto's en vliegtuigen.
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Consumenten waren in juli net zo negatief over de economie als de maand ervoor. Daarmee zijn ze al vier jaar onafgebroken pessimistisch.
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Funds from operations (FFO) and adjusted funds from operations (AFFO) are superior predictors of REIT performance. Find out how to use FFO and AFFO to value REITs.
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Financial professionals use a wide variety of quantitative and qualitative techniques to understand inventory in their investing analyses.
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Extended normal costing tracks production costs with an estimate for overhead costs rather than actual expenditures.
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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.
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The S&P 500 rose 0.2% on Wednesday, July 19, 2023 as the market rally continued to be fueled by solid earnings reports.
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Elevance Health shares gained after reporting results that beat forecasts and raising its 2023 guidance as medical insurance premiums rose and payouts were less than anticipated.
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Halliburton shares slumped after warning that lower oil and gas prices will reduce drilling in the second half of 2023.
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Learn about Porter's 5 Forces and SWOT analysis, tools companies use to analyze the competition, make strategic decisions, and boost profitability.
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The agency said it will help states target anticompetitive behaviors that hike prices in food, retail, and meat and poultry processing.
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Deciding between a tax-deferred and a tax-exempt retirement account—or having both—comes down to understanding when the tax benefit kicks in.
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Netflix scrapped its cheapest ad-free subscription plan in the U.S. and U.K. in an effort to boost revenue and draw more users to its ad-supported plan released last year.
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A bank endorsement is a guarantee or assurance made by a bank that a negotiable instrument, such as a banker's acceptance or a letter of credit, will be honored.
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Is it possible to have more than one personal loan at once? Yes, it is. However, the number of personal loans you can have at once is limited by your lender.
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A check hold is the number of days that a bank can legally hold the money from a deposited check. A hold can happen for various reasons and different periods of time.
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For single-family homes, starts in June were 7.0% lower than in May, ending the month at an annual rate of 935,000.
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Research and development (R&D) is a term to describe the effort a company devotes to the innovation, and improvement of its products and processes.
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You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
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SALT loans allow borrowers to maintain ownership of their blockchain assets, while also gaining access to cash via a loan.
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"The Great Wealth Transfer" will pass on trillions of dollars in inheritance to Americans over the next decade, however, a new survey shows that just 42% them feel confident about their money managing abilities.
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What are the safest industries for long-term investment and why?
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Unlimited bond purchase programs involve open-ended commitments by central banks to purchase distressed government debt.
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Contingent convertibles (CoCos) are debt securities that can be converted into a company's common stock. They offer high returns but come with high risk.
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Tesla filed plans to expand its German gigafactory into the largest car plant in Europe.
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The rally in U.S. equities continued at midday on July 19, 2023, buoyed by more strong earnings reports.
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An SBA 504 loan is a common loan backed by the U.S. Small Business Administration for people who want to purchase and build assets to grow their business.
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Mergers and acquisitions could be evaluated under a tougher antitrust lens as Department of Justice and Federal Trade Commission propose new rules.
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If you owe money to the IRS, you have a couple different options to help with repayment. Either an IRS payment plan or taking out a personal loan could work, depending on your financial situation.
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Carvana shares soared after the online used car retailer restructured its debt and reported record-setting quarterly EBITDA and gross profit per unit.
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How traders use the Commodity Channel Index (CCI) to evaluate buy and sell signals based on price trends over various timeframes.
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Goldman Sachs net earnings plunged 58% as it wrote-off goodwill for its GreenSky consumer lending platform and marked down real estate investments all while investment bank dealmaking—a big source of its fee revenue—slowed down.
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Activision Blizzard and Microsoft have extended their acquisition deadline to October after regulatory delays pushed the past the limits of the original agreement.
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Accurate real estate valuation is important to mortgage lenders, investors, insurers, and buyers and sellers of real property.
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Core retail sales is an economic indicator of the strength of retail in the U.S. It excludes certain highly volatile categories such as gasoline.
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Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.
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Don't let these errors in judgment affect your good credit for the rest of your life.
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Qualcomm chips will support Meta's Llama 2 Large Language Model (LLM), in a move that will bring LLMs—that typically need data centers to run because of computational requirements—to smartphones and PCs starting 2024.
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Understand how real estate is legally different from real property and the implications of that difference for each property owner.
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(Bloomberg) -- Tesla Inc. is sparing no expense to become a player in supercomputing, with Elon Musk saying the electric carmaker plans to invest more than $1 billion on its so-called Project Dojo by the end of 2024. Most Read from BloombergA $500 Billion Corporate-Debt Storm Builds Over Global EconomyApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIIn London, New York and Paris, a Giant Office Bet Is Going WrongTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old Analyst
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(Bloomberg) -- Discover Financial Services slumped in late trading after the lender disclosed that it was in discussions with regulators over how it misclassified some of its credit cards. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomIn London, New York and Paris, a Giant Office Bet Is Going WrongMusk Says Tesla to Spend Over
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FTC Chair Lina Khan said the agency is looking into whether roll-up strategies, often used by private equity firms, violate antitrust laws.
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Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short of expectations and it announced a share repurchase pause as it investigates incorrect classification of credit card accounts from around mid-2007. Discover, a U.S. provider of digital banking and payment services, last traded at $105.63 after closing the regular session up 15 cents at $121.85. The company said it decided to pause share repurchases during its internal review.
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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.
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Recent results highlight difficulties at the country’s most famous financial institution
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Disney World may be "the happiest place on Earth," but Disney shares have taken investors on a disappointing roller-coaster ride in the past year—leading many to jump off.
( 26
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Enterprise software provider IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by tepid spending from businesses. IT majors such as Accenture and India's Tata Consultancy Services have also flagged demand weakness, with the former missing market estimates for quarterly revenue last month after its North America revenue grew at its slowest rate in about three years. Revenue growth in the U.S. and Western Europe was "muted" as the company wrapped up the cycle for its mainframe computers it launched last year, Chief Financial Officer James Kavanaugh said in an interview.
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The online auto retailer reports its best ever quarter for profit, and announces an agreement to cut its debt.
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BofA Global Research analyst Wamsi Mohan says the debut of the iPhone 15 could be delayed until the December quarter.
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Solid results in software and services were partially offset by softer mainframe sales.
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Workers and management at Lincoln Electric have agreed to an unusual arrangement that includes some major tradeoffs for a major benefit: no layoffs.
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The housing market has grown exponentially since the COVID-19 pandemic, with owner-occupied housing wealth rising to $9 trillion from the first quarter of 2020 to the first quarter of 2022, according to the Federal Reserve. The rising demand, resulting from ultra-low interest rates and limited supply, played a crucial role in bolstering the housing market. Despite the Fed's contradictory hawkish stance resulting in sky-high mortgage rates, housing demand has continued to grow. Average home price
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JPMorgan Chase recently reported second-quarter results, with both revenue and earnings exceeding Wall Street's expectations. But CEO Jamie Dimon is erring on the side of caution. "There are still salient risks in the immediate view," he said in the earnings press release. "Consumers are slowly using up their cash buffers, core inflation has been stubbornly high — increasing the risk that interest rates go higher and stay higher for longer — quantitative tightening of this scale has never occurr
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Oil field service companies shares are beating those of their customers
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Susquehannah analyst Christopher Rolland reaffirmed a Neutral rating on the stock, raising his target for the price to $35 from $32.
( 26
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Disney World may be "the happiest place on Earth," but Disney shares have taken investors on a disappointing rollercoaster ride in the past year—leading many to jump off.
( 26
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Truist's Youssef Squali is the latest analyst to boost his expectations ahead of the company's second-quarter earnings report.
( 26
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Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold. The post Nikola clear to increase share count — thanks to Delaware rule change appeared first on FreightWaves.
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The average retirement account balance fell by 20% compared to 2021, according to Vanguard.
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J.P. Morgan analyst Samik Chatterjee raised his rating and price target on the stock, which he thinks is too cheap.
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These are good times for the markets. Inflation concerns are abating, showing that the Fed’s aggressive efforts to tame it are bearing fruit. At the same time, notes Oppenheimer’s Chief Investment Strategist John Stoltzfus, the strength exhibited by labor, the consumer, and business have contributed to “improved sentiment” in the stock market. While the rally that drove the gains in the first part of the year was led by the Mega Caps, it is now widening to less heralded corners. And that brings
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Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading → The post Treasury Bills vs. Bonds: What's the Difference? appeared first on SmartAsset Blog.
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There's no shortage of budgeting and spending rules when it comes to personal finance. One says you shouldn't spend more than 30% of your monthly income on housing. Another says to always save 10% of your income. Don't take more … Continue reading → The post Are You Using the Golden Ratio of Finance? appeared first on SmartAsset Blog.
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If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally … Continue reading → The post What Happens to Your Mortgage When You Die? appeared first on SmartAsset Blog.
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I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.
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Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.
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Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
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Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not … Continue reading → The post Where Do Millionaires Keep Their Money? appeared first on SmartAsset Blog.
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Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
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Wall Street is looking for the electric-vehicle maker to report earnings per share of 80 cents, and sales of $24.2 billion for the second quarter. Gross-profit margins deserve a look, too.
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The telecoms company is looking to calm concerns over its potential liability for contamination, while analysts suggest the reaction that hit its and Verizon's stock was overdone.
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Carvana shares surged before the market open after the online used-car retailer said it had reached a deal to reduce its interest payments and indebtedness.
The troubled Arizona-based company also reported a narrower second-quarter loss than analysts had expected early Wednesday. The stock jump, if
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The luxury industry can be fickle, as one of its most influential executives has found out.
Shares in French luxury group Kering are up 6% after it announced that Marco Bizzarri, the chief executive of
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(Bloomberg) -- A trip to the restaurant that sits atop the No. 1 Poultry office block in London’s financial district is a chance to experience firsthand the Tale of Two Cities that’s upending the commercial real-estate market.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data
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ASML said it expects net sales growth this year of around 30% compared with 2022, compared with previous guidance of more than 25%.
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Analysts are looking to see the impact of price cuts on the EV maker’s bottom line.
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The online auto retailer will now report earnings before the market opens Wednesday, having previously set a date of Aug. 3 for its results.
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Investors have fled healthcare stocks this year, ducking out of a trade that seemed a smart defensive play last year, as market conditions have changed.
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Inflation slowed at a faster-than-expected pace in June, amid a big fall in petrol prices and a slowdown in rising food costs.
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Concerns about lead-sheathed wires have caused shares of the telecom giants to tumble and raised concerns about the safety of their payouts.
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Dutch semiconductor equipment maker ASML on Wednesday reported second-quarter net profit of 1.9 billion euros ($2.13 billion) on sales of 6.9 billion euros, slightly ahead of analyst expectations. Analysts had seen net profit at 1.82 billion euros on revenues of 6.74 billion euros, according to Refinitiv data. ($1 = 0.8913 euros)
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Martin Rucker became a Detroit firefighter in hopes of getting a full pension. But the city's bankruptcy left him with financial challenges.
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Microsoft's one-day gain in market value is more than the entire valuation of about 450 S&P 500 companies.
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HANOI (Reuters) -Vietnamese automaker VinFast said on Wednesday it would start construction of a $4 billion electric vehicle factory in North Carolina next week as part of its push to expand in the United States market. The unit of Vietnam's largest conglomerate Vingroup, which began operations in 2019, announced plans for the U.S. factory last year. "When it begins operations, the factory will be VinFast's primary supplier of electric vehicles to the North American market," said Thuy Le, head of VinFast Auto.
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In a statement Tuesday evening, Yellow Corp. said it would defer health and pension contributions as planned. The post Yellow says it’s not paying even as potential strike looms appeared first on FreightWaves.
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What should we make of the markets today? That’s the question on the minds of every market and economic expert out there – and it’s a challenging one. Inflation has dropped to 3% annually, and the labor market is hot. Stocks are up, indicating that investors have priced in the risk of higher prices. However, this leads to a problem highlighted by Piper Sandler’s chief strategist, Michael Kantrowitz. He points out that estimates for forward earnings are not keeping up with the positive sentiment.
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Zeeuwen, Groningers en Drenten starten steeds vaker een eigen bedrijf. In de Randstad neemt het aantal startende ondernemers juist amper nog toe. Dat blijkt uit cijfers van de Kamer van Koophandel.
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Een huishouden met een gemiddeld energieverbruik betaalde in juni 2.320 euro per jaar aan energie. Dat betekent een stijging van 37 procent (630 euro) ten opzichte van dezelfde periode vorig jaar.
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Grote pensioenfondsen zagen hun financiële positie de afgelopen tijd verbeteren. Dit komt onder meer door gunstige beleggingen. Het is nog onduidelijk of dit ook betekent dat de pensioenen aan het einde van het jaar omhoog kunnen.
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KPN kampt met een storing waardoor klanten problemen hebben met televisiekijken. Daardoor zijn in sommige regio's in Nederland alleen NPO 1, 2 en 3 te kijken, zegt een woordvoerder desgevraagd tegen NU.nl.
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Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug nu VanMoof failliet is verklaard?
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De prijzen voor tarwe en mais op de beurs in de Amerikaanse stad Chicago zijn woensdag flink gestegen na een Russisch dreigement over de scheepvaart naar Oekraïne. Het is opnieuw een escalatie na het aflopen van de zogenoemde graandeal.
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Ruim 5,6 miljoen mensen reisden in juni van, naar of via Schiphol. Dat is een toename van 8 procent ten opzichte van dezelfde maand vorig jaar. Toen ging het om 5,2 miljoen mensen.
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Rusland heeft laten weten weer te willen spreken over een verlenging van de Oekraïense graandeal, die begin deze week afliep. Maar dan moeten de Verenigde Naties er wel binnen drie maanden voor zorgen dat de Russische export weer soepeler verloopt.
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Pakketbezorger GLS heeft dinsdag onbedoeld e-mails verstuurd naar zo'n vijfduizend zakelijke en particuliere klanten. Dat laat het bedrijf woensdag weten aan NU.nl. In de mails stonden onder meer privégegevens van klanten.
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Rusland heeft laten weten weer te willen spreken over een verlenging van de Oekraïense graandeal, die begin deze week afliep. Maar dan moeten de Verenigde Naties er wel binnen drie maanden voor zorgen dat de Russische export weer soepeler verloopt.
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Grutto's, geelgorzen en graslandvlinders hebben voorlopig weinig aan de Europese natuurherstelwet: vrijwel alle maatregelen voor natuurherstel in boerenland zijn weggestemd door het Europees Parlement. Alleen regeringsleiders kunnen daar nog iets van doen terugkeren, en landen die zelf aan de slag gaan.
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Er moeten duidelijke en heldere regels komen om de risico's van kunstmatige intelligentie (AI) tegen te gaan. Dat zegt de Veiligheidsraad van de Verenigde Naties, die voor het eerst bij elkaar kwam om over dit onderwerp te praten.
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Cryptoplatform Binance sluit binnenkort zijn deuren voor Nederlandse gebruikers, dus moeten Nederlandse gebruikers vertrekken. Het handelsplatform maakt nu bekend dat je voor 17 augustus je cryptovaluta moet weghalen.
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Grote bedrijven die veel stroom verbruiken kunnen in Zeeland voorlopig geen aanvraag meer doen voor nieuwe aansluitingen of verzwaring van hun huidige aansluiting. Netbeheerder TenneT zegt dat het stroomnet in Zeeland de maximumcapaciteit heeft bereikt.
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Klanten van GLS hebben dinsdag een overweldigend aantal e-mails ontvangen die niet voor hen waren bedoeld. GLS maakt daarvan melding op zijn website. Volgens de pakketdienst was er sprake van een storing.
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Deelscooterbedrijf Felyx mag zich niet meer 'duurzaam', 'schoon' of 'groen' noemen. Ook mag het bedrijf niet meer zeggen dat je CO2 bespaart door van de scooters gebruik te maken, oordeelt de Reclame Code Commissie.
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Jumbo denkt dat de periode met flinke prijsverhogingen in de supermarkten langzaam maar zeker voorbij is. Wel waakt de supermarktketen voor te veel optimisme. Doordat lonen en huren nog oplopen, blijven prijzen in de supermarkt dat ook doen.
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ASML verdient weer meer geld aan de verkoop van chipmachines in het tweede kwartaal van 2023. Hoewel het Veldhovense technologiebedrijf onder druk staat van de geopolitieke strijd tussen China en het Westen, is dat niet te zien in verkoopcijfers. Voor heel 2023 verwacht ASML een grote verkoopstijging.
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The CSS Profile is a financial aid application used by nearly 250 colleges, universities, and scholarship programs to award non-federal aid.
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Full-coverage car insurance includes liability insurance, which covers the other driver's costs if you're at-fault. Learn more about how these insurance policies work.
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A business is bonded if it has a surety bond, a legal contract whereby a surety company assumes liability for a debt or other obligation one business owes to another.
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The S&P 500 gained 0.7% on Tuesday, July 18, 2023, after a new round of strong corporate earnings reports.
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Low-cost carriers have become powerful players in the airline sector. However, the COVID-19 pandemic changed the game.
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Credit card posting is the point at which a transaction is "posted to" a cardholder's account and the money is either taken from or added to the account.
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Your retirement security depends on how well you built your nest egg. Find out how to get the most out of your 401(k) plan.
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Comcast's NBCUniversal is hiking prices for its Peacock streaming platform for the first time since it launched the service three years ago.
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Adam Smith is considered the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product (GDP).
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Lockheed Martin posted better-than-expected quarterly results and raised its guidance as demand for military weapons rose.
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Microsoft announced an AI-powered premium version of its Microsoft 365 product that would cost users $30 per month. And it's doubling down on AI applications through tie-ups with companies like Meta.
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Johnson & Johnson joined others in the pharmaceutical industry suing the government over new Medicare prescription drug price rules.
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Corporate social responsibility (CSR) is a business model that helps a company be socially accountable to itself, its stakeholders, and the public.
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Earnings at some of America’s biggest banks including JPMorgan Chase, Bank of America, and Wells Fargo were buoyed by rising loan balances, even as loan applications fell nationwide.
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Find out whether a fund's performance is a result of the manager's abilities or just a fluke.
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A pure play is a company that invests in one line of business, so its stock performance correlates highly to the performance of its sector.
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How you invest is just as important as what you buy. Find out which style is right for you, and how to follow it.
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Net advantage to leasing (NAL) refers to the total monetary savings that would result from a person or a business choosing to lease an asset, as opposed to purchasing it outright.
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The slowdown in deposit flight allowed Charles Schwab's shares to rise about 12% in trading, despite a drop in net income in the second quarter.
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Novartis ADRs jumped after the pharmaceutical firm raised its outlook, announced a stock buyback, and detailed spinoff plans.
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China's disappointing GDP growth pushed European stocks and oil downward and triggered a shift in sentiment about future Fed rate changes.
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Morgan Stanley posted record wealth management revenue and beat profit and sales estimates as the bank benefited from higher interest rates following the Fed's rate hikes to fight inflation.
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Despite the ‘Great Resignation,’ one in four workers will be 55 or over by 2031, study shows.
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The Dow and S&P 500 advanced at midday on July 18, 2023 following strong earnings reports from some of the nation's biggest banks.
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Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
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Bank of America reported double-digit growth in revenue and net income in the second quarter on Tuesday, as higher interest rates boosted income it generated from lending money.
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A closed-end lease is a type of rental agreement that does not require the lessee to purchase the asset at the end of the lease.
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Consumers spent $689.5 billion in June, 0.2% more than in May, but economists were expecting a 0.5% jump in spending.
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Collision damage waiver (CDW) is additional insurance coverage offered to an individual renting an automobile.
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The NAHB's Housing Market Index gained one point month-over-month, ending June at its highest level in a year.
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When the terms premium and discount are used in reference to bonds, they are telling investors the purchase price of the bond is either above or below its par value.
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Securities and Exchange Commission Chair Gary Gensler warned corporations to make accurate representations about their AI-related moves to ensure investors are not deceived.
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The Saving on a Valuable Education (SAVE) Plan is an income-driven repayment (IRD) plan introduced by the U.S. Department of Education that will replace the Revised Pay-As-You-Earn (REPAYE) plan.
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A home improvement loan can be a type of personal loan, but it's also possible to fund home-related projects with other types of loans.
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Secured loans are a type of loan backed by collateral, whereas unsecured loans don’t require collateral and are based primarily on a borrower's creditworthiness.
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U.S. households are reporting lower levels of access to financial services and support compared to 2022, according to a survey by Principal. The U.S. reported a 12% decline from 2022 in residents who have access to things such as bank accounts, loans, mortgages, retirement and pension plans, and more.
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Revenue is the total income earned by a company for selling its goods and services. Earnings are revenues minus all expenses associated with operating the business.
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From its beginnings, Netflix has been a disruptor. Now, its popular streaming service is forcing the television industry to adapt or die trying.
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Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
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Getting the best possible package for a college fund depends on minimizing assets and maximizing the energy you use to find possible funding sources.
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(Bloomberg) -- Richard Cooper’s phone is something of an early alarm bell for the global economy. Lately, it’s been ringing a lot.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data LawMassive US Oil Caverns Sit Empty and Will Take Years to RefillA partner at Cleary Gottlieb,
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min )
(Bloomberg) -- AT&T Inc. says less than 10% of its nationwide copper-wire telecom network has lead-clad cables, addressing investor concerns over the extend of a potentially massive contamination situation and costly cleanup.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeIn Man
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min )
(Bloomberg) -- Carvana Co.’s shares tumbled after the used-car retailer surprised investors with a last-minute change to its earnings plans.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeIn Manchester United Bidding War, Ratcliffe’s $16 Billion Fortune Might Not Be EnoughThe co
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min )
(Bloomberg) -- Apellis Pharmaceuticals Inc. shares headed for their worst two-day drop on record after confirming reports that some patients experienced severe inflammation following treatment with its eye drug.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMassive US Oil Caverns Sit Empty and Will Take Years to RefillTrump Gets Letter Saying He Is a Target of DOJ Jan. 6 ProbeTokyo Heat Smashes 1
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min )
(Bloomberg) -- Microsoft Corp. is one of the most-loved stocks on Wall Street, but even the wildly positive views surrounding the software giant haven’t been able to keep up with a rally that has already topped 50% this year.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMassive US Oil Caverns Sit Empty and Will Take Years to R
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min )
Shreya Datta spent months swiping through dating apps searching for a connection when she encountered "Ancel Mali," a self-proclaimed wine trader from France, on Hinge. Mali claimed he had recently relocated to West Philadelphia. Once they transitioned their conversation to WhatsApp, Mali swiftly deleted his Hinge profile, expressing a desire to prioritize their connection and focus solely on Datta. After engaging in online conversations filled with flirtatious emojis and selfies for a couple of
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min )
The security is trading at a fresh one-year high
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Software giant Microsoft plans to charge $30 a month per user for the new artificial-intelligence software, a potentially huge price hike for customers who adopt it.
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(Bloomberg) -- Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear. Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMassive US Oil Caverns Sit Empty and Will Take Years to RefillTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeTrump Gets Letter Saying He Is a Target of DOJ J
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Only 10% of cloud servers are enabled with chips suited to accelerate AI projects, BofA says.
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Shares of Microsoft jumped about 4% after the company made announcements about artificial-intelligence-related products.
That puts Microsoft on pace to close at a new all-time high.
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min )
Lordstown Motors filed for bankruptcy protection in late June. Somehow that fired up investor interest in shares of other unprofitable, electric-vehicle start-ups.
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Jim Cramer, the charismatic host of "Mad Money" on CNBC, has made numerous intriguing stock picks. Recently, he opened up about what he calls a "disturbing experience" related to his commentary on a particularly hot tech name. "A friend came to me recently at a party and said he had figured out why I was so darn hated," he said in a video posted by CNBC on Instagram. "I was hated because of Nvidia." Cramer was not pleased, saying he doesn't like friends to tell him he's hated. "And I certainly d
( 9
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The debt-laden carrier is seeking to defer contributions as it struggles with liquidity.
( 26
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(Bloomberg) -- Microsoft Corp. said new corporate artificial intelligence tools that work with Office software, called Microsoft 365 Copilot, will cost $30 per user per month on top of what most business customers already pay.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes Globe
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The pop star has tapped the lawyer who helped her win a sexual-misconduct case.
( 26
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Major American providers of oilfield services supplied Russia with millions of dollars in equipment for months after its invasion of Ukraine, helping to sustain a critical part of its economy even as Western nations launched sanctions aimed at starving the Russian war effort. Russia imported more than 5,500 items worth more than $200 million from the top five U.S. firms in the sector — led by SLB, Baker Hughes and Halliburton — in the year following the invasion that began in February 2022. The technology helped keep some of the world’s most challenging oilfields operating in a sector that provided nearly half of Russia’s federal revenues in 2021.
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(Bloomberg) -- Western Alliance Bancorp spent much of this year ensnared in turmoil sparked by a series of regional bank collapses that spooked its investors and attracted short sellers.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore Passport Is World’s Most Powerful, Replacing JapanTokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes GlobeUS Plans Narrow China Tech Investment Limits, Likely by 2024Tesla Investor Rode a 14,800% Gain Thanks to
( 8
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Carnival upgraded, Norwegian Cruise downgraded: Wall Street's top analyst
( 9
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In the wake of the very encouraging latest inflation report, there’s a sense of renewed optimism on Wall Street. There is growing confidence that the series of interest rate hikes taken by the Fed since March 2022 in its effort to tame inflation is about to come to an end. While that positive development has been hogging the headlines, BlackRock CEO Larry Fink thinks the economy is facing a big issue elsewhere: the US debt is spiraling out of control. In June, for the first time ever, national d
( 10
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PNC Financial was the first big regional to report results this morning, in what is expected to be a critical earnings season for banks after several failures this year.
Shares of PNC rebounded from pr
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AT&T and Verizon stocks were in the green Tuesday even as uncertainty around the potential cost to clean up lead-covered cables loomed.
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The court decision is important not only because it could give drivers more rights to claim expenses, but also because it may open up food delivery and ride-sharing companies to fresh rounds of large-scale class-action lawsuits.
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The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters.
( 25
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With a massive net worth of $114 billion and a reputation as one of the greatest investors in history, Warren Buffett's words carry immense weight in the financial world. At the age of 92, Buffett's wealth of experience makes him a trusted source of advice for many. One particular piece of timeless wisdom he shared years ago resonates strongly today: Politics has no place in the realm of investing. During a 2019 conversation with CNBC’s Becky Quick, Buffett, chairman of Berkshire Hathaway Inc.,
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The loss on the portfolio, which totals $614 billion, increased by nearly $7 billion relative to the first quarter.
( 26
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The jet maker reported adjusted earnings per share of $6.75 from $16.7 billion in sales, Tuesday. Wall Street was looking for $6.45 from $15.9 billion.
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Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.
( 9
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Saving for retirement is a top financial priority for many. If you're one of those who has prioritized retirement by opening a Roth 401(k), it's crucial to use the account optimally to build tax-free retirement income. The IRS has raised … Continue reading → The post Roth 401(k) Contribution Limits for 2023 appeared first on SmartAsset Blog.
( 9
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Tesla's second-quarter report is coming. Investors will study the electronic-vehicle giant's earnings, but they will be keen to see capacity, among other things.
( 26
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Falling inflation has helped boost stocks—and could keep the rally going.
( 26
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↘️ Bank of America (BAC): The nation’s second-largest bank reported a 19% rise in quarterly profit and said earning
( 23
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PNC Financial Services Group earnings were flat year over year, but came in ahead of expectations.
( 26
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Customers have been pulling money from sweep accounts for the past year, forcing Schwab to rely more on costly short-term funding sources.
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Shares of the bank fell nearly 3.5% in premarket trading as it estimated NII to rise 5% to 6% in 2023 from last year, compared to its previous forecast of 6% to 8% growth. The cut in full-year expectations for NII - the difference between the interest banks earn on loans and pay out on deposits - came even as PNC reported a 15% jump in NII to $3.51 billion. The rate increases by the U.S. Federal Reserve to rein in sticky inflation have boosted lenders' income from bigger interest payments, but banks have warned that the higher borrowing costs could soon start to weigh on loan demand.
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Melius Research started coverage of Nvidia, Microsoft and Apple with Buy ratings on their AI potential but were more skeptical about Google-parent Alphabet.
( 26
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She also questioned his close relationships with several Tesla board members and whether the board had failed to act in shareholders’ best interests.
( 9
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Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates. On a per-share basis, BofA earned 88 cents, compared with 73 cents one year ago. Like its major competitors, BofA has benefitted from wealthy clients, businesses and other customers moving deposits to the bank in search of safety after this spring’s bank failures.
( 7
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Bank of America, Morgan Stanley, Charles Schwab, and Lockheed Martin are among companies scheduled to report earnings Tuesday. Novartis rises after boosting its full-year outlook and Masimo tumbles after issuing a weak second-quarter sales forecast.
( 26
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Bitcoin and Ether both fell below key price levels earlier but returned above as investors remained optimistic after the U.S. Securities and Exchange Commission (SEC) accepted the second Bitcoin exchange-traded fund (ETF) application for review, from asset manager Valkyrie.
( 7
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(Bloomberg) -- Owuraka Koney forms part of an elite group on Wall Street: Those who foresaw Tesla Inc.’s wild growth potential before it even went public.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plug on Ukraine Grain Export DealUS Plans Narrow China Tech Investment Limits, Likely by 2024Koney was just 25 when he stumbled
( 12
min )
Flagship Pioneering, an investment vehicle helmed by Noubar Afeyan, a co-founder of Moderna and its chairman, bought $12.5 million of shares of biotech Evelo.
( 26
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The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
( 6
min )
Chipmachinemaker ASML neemt ongeveer honderd medewerkers van medisch technologiebedrijf Philips over. De werknemers leverden al diensten aan andere bedrijven, waaronder ASML. Zo werkten ze al aan zeer precieze meetinstrumenten van de chipfabrikant. Dat maakt de overstap makkelijk.
( 3
min )
De storing bij de Rabobank is voorbij, meldt de bank op Twitter. Door de storing, die dinsdag rond het middaguur voor het eerst werd gemeld, konden klanten geen transacties afronden en dus geen geld overboeken.
( 3
min )
De appel- en perenoogst in ons land zal dit jaar kleiner zijn dan in 2022. De verwachting is dat er 207 miljoen kilo appels en 341 miljoen kilo peren worden geplukt.
( 3
min )
Voormalig Nissan-topman Carlos Ghosn is met zijn rechtszaak tegen de Japanse autofabrikant niet uit op wraak. Het is volgens hem een poging de mensen die tegen hem samenspanden ter verantwoording te roepen.
( 4
min )
Met een opvallend design, technische snufjes en gelikte marketing wist VanMoof de e-bike sexy te maken. Maar de fietsen gingen vaak kapot en waren voor velen te duur door de unieke onderdelen. Dat deed het bedrijf de das om.
( 4
min )
De Turkse lira heeft dinsdag een nieuw dieptepunt bereikt ten opzichte van de euro en de dollar. Daarmee zet de vrije val van de Turkse munt sinds de verkiezingen van 28 mei onverminderd door.
( 3
min )
De Turkse lira heeft dinsdag een nieuw dieptepunt bereikt ten opzichte van de euro en de dollar. Daarmee zet de vrije val van de Turkse munt sinds de verkiezingen van 28 mei onverminderd door.
( 3
min )
De curator van Score is nog in onderhandeling met partijen die de kledingwinkels willen doorzetten. De keten ging in juni failliet. Het spijkerbroekenmerk CHASIN' van Score heeft al wel een nieuwe eigenaar.
( 3
min )
Rabobank heeft dinsdag te maken met een storing, waardoor klanten geen overboekingen kunnen doen. De bank werkt aan een oplossing.
( 3
min )
Dit weekend kregen twintigduizend mensen een brief van Dienst Toeslagen. Daarin staat dat ze wel recht hebben op zorgtoeslag, terwijl ze die niet aanvragen. Nog steeds vraagt een op de tien huishoudens die recht hebben op zorgtoeslag die niet aan.
( 4
min )
Brusselse supermarkten moeten in 2024 voedsel dat bijna over datum raakt, doneren aan de voedselhulp. Daar worden ze toe verplicht door een besluit van de Brusselse regionale overheid.
( 3
min )
Bakkers verwachten op korte termijn geen flinke prijsstijgingen van brood nu de deal over de export van graan uit Oekraïne via de Zwarte Zee is verlopen. Dat komt vooral doordat ze werken met langetermijncontracten.
( 3
min )
Frankrijk gaat door de overheid gereguleerde energieprijzen in augustus 10 procent verhogen. Het land wil in stapjes terug naar normale prijzen. Een overheidscommissie dacht er eerst nog over de prijzen met bijna 75 procent te verhogen.
( 3
min )
Kunstmatige intelligentie (AI) gaat de leeftijd van modellen in alcoholreclames vanaf nu scherper in de gaten houden. Het gaat dan niet om de echte leeftijd, maar om hoe oud de modellen ogen. In juni haalde Heineken nog posters weg omdat modellen te jong leken.
( 4
min )
Big Bazar moet enkele winkels in Noord-Holland sluiten omdat de winkelketen de huur niet meer kon betalen. Daarover bericht RTL Nieuws. Bij meerdere verhuurders heeft Big Bazar huurachterstanden.
( 3
min )
Kunstmatige intelligentie (AI) gaat de leeftijd van modellen in alcoholreclames vanaf nu scherper in de gaten houden. Het gaat dan niet om de echte leeftijd, maar om hoe oud de modellen ogen. In juni haalde Heineken nog posters weg omdat modellen te jong leken.
( 3
min )
De bekritiseerde fietsenfabrikant VanMoof is dinsdag failliet verklaard door de Amsterdamse rechtbank. Vorige week kreeg VanMoof al uitstel van betaling, werd een verkoopstop aangekondigd en sloten de winkels. Klanten wacht nu een onzekere periode.
( 5
min )
Door de snelle opkomst van kunstmatige intelligentie met programma's als ChatGPT en Midjourney moeten ook de risico's in kaart worden gebracht. Dinsdag komt de Veiligheidsraad van de Verenigde Naties voor het eerst bij elkaar om daarover te praten.
( 3
min )
Flitsbezorgers hebben grote moeite om zich staande te houden op de Nederlandse markt. De kosten en levertijden lopen op en consumenten zijn steeds meer kwijt aan hun boodschappen.
( 4
min )
(Bloomberg) -- Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t likely to close it by a Tuesday deadline, people familiar with the deal said. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Sei
( 8
min )
Telecom stocks continue slide after WSJ investigation into toxic lead cables.
( 25
min )
Berkshire Hathaway, led by CEO Warren Buffett, had invested in videogame maker Activision to capture the arbitrage spread.
( 26
min )
(Bloomberg) -- Cathie Wood said Nvidia Corp. is now an “obvious” artificial intelligence bet, and she’s buying up shares of other companies that can capture more upside from the potentially transformative technology. Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plug on Ukraine Grain Export DealYellen Says China Slowdown Risks
( 7
min )
Wall Street expects earnings per share of $6.45 from $15.9 billion in sales. The defense company reported $6.43 in EPS and $15.1 billion in sales in the first quarter.
( 26
min )
(Bloomberg) -- While the deeply inverted yield curve has stoked anxiety among investors about the prospect of a recession, Goldman Sachs Group Inc. has a different message: stop worrying about it. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyMassive US Oil Caverns Sit Empty and Will Take Years to RefillRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Seizing As
( 7
min )
A TD Cowen analyst reaffirmed his Market Perform rating for TSMC stock and reiterated his price forecast of $85 for its American depositary receipts.
( 26
min )
Wall Street is expecting Bank of America’s profit to increase by 11% to $6.9 billion compared with the year-ago quarter.
( 26
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Kiwi Camara, CEO of Austin-based legal technology firm CS Disco Inc., is one of the few executives who can claim a compensation package surpassing that of Apple Inc. CEO Tim Cook. While Cook is expected to face a pay cut this year of around 40%, following shareholder guidance and his own recommendation, his compensation for fiscal 2022 reached $99.4 million, as disclosed in Securities and Exchange Commission filings. Don’t Miss: Until 2016 it was illegal for retail investors to invest in high-gr
( 8
min )
The losses, which totaled $99 billion at the end of the first quarter, have weighed on its stock.
( 29
min )
(Bloomberg) -- Tesla Inc. directors, including co-founder Elon Musk, agreed to return more than $735 million in stock awards to settle an investor lawsuit accusing board members of improperly giving themselves massive compensation packages.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsRussia Pulls the Plug on Ukraine Grain Export DealYellen Says Chi
( 7
min )
A "disinflationary soft landing" will send the S&P 500 to a record high between 4,800 and 5,400 over the next 18 months, the veteran market watcher says.
( 9
min )
(Bloomberg) -- China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading.Most Read from BloombergSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsRussia Pulls the Plug on Ukraine Grain Export DealIsrael Quietly Embeds AI Systems in Deadly Military OperationsYellen Says China Slowdown Risks Spillover
( 7
min )
“The realization that the market needs to reprice substantially has driven us to make a big downgrade in our forecast,” says Capital Economics' Kiran Raichura.
( 11
min )
(Bloomberg) -- Rothschild & Co. is facing pressure from some bondholders who want the bank to repurchase a deeply discounted bond sold almost 40 years ago.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails Danone, Carlsberg Exits by Seizing AssetsThe notes, known in the industry as di
( 7
min )
Shares of the entertainment company have struggled as investors have worried about the Hollywood strikes, among other factors.
( 26
min )
Hollywood actors Ryan Reynolds and Rob McElhenney have reportedly acquired a stake in the Alpine Formula One team as part of a $218 million deal without putting in any of their own money. According to The Mail, Reynolds and McElhenney agreed to join a consortium that purchased a 24% stake in the team, which is now valued at around $900 million following the investment. The consortium includes American investment firms Otro Capital and RedBird Capital Partners. Reynolds and McElhenney are expecte
( 8
min )
Tesla's Cybertruck, Ford's F-150, and even perhaps GM's Chevy Silverado are weighing on shares of electric-truck maker Rivian in early trading Monday.
( 29
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Shares of Tesla rose to start the week, putting the electric-vehicle maker's shares among the S&P 500's top advancers in morning trading.
Tesla stock was recently up 1.7%. The move follows the news that the company built [its first Cybertruck](https://www.wsj.com/articles/tesla-begins-cybertruck-pr
( 22
min )
If the Federal Reserve has pulled off a soft landing, it may be due to shifts in the composition of U.S. debt since 2008, writes Larry Hatheway.
( 50
min )
Smaller fracking companies are feeling the pinch of inflation, lower oil and gas prices, and fewer prime drilling spots.
( 26
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There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.
( 8
min )
Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans.
( 25
min )
Citi analyst lowered his rating on AT&T stock to Neutral/High Risk from Buy following a similar downgrade by J.P. Morgan.
( 26
min )
Citi analysts raised their target price on Nvidia to $520 from $420 previously, arguing it can keep a 90% market share in AI chips.
( 29
min )
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The first Tesla Cybertruck rolled off the production line in Texas and Microsoft reached a deal with Sony that keeps Call of Duty on PlayStation as the company continues to work toward its merger with Activision. Here’s what investors need to know today.
( 19
min )
It turns out younger male employees might be coming around to Corcoran's way of thinking.
( 7
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Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting […] The post Want to Leave Assets to Heirs? IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset.
( 7
min )
Comparisons to the fast casual dining juggernaut look stretched aside from a hot IPO.
( 25
min )
(Bloomberg) -- Oil bulls moving back into the market are making a big mistake, according to one of Wall Street’s most prominent forecasters.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUkraine Grain-Export Deal Collapses as Russia Terminates ItCrude futures jumped above $80 a barrel in L
( 6
min )
Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results on Wednesday, but analysts said it was well positioned due to its solid pipeline of shows and international production crew. Striking Hollywood actors have joined film and television writers on picket lines, forcing U.S. studios to shutter productions as workers battle over pay in the streaming TV era. Some of the people on strike are also picketing the Netflix offices in Los Angeles.
( 8
min )
Tesla's strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to a three-year low in the April-June period. The Elon Musk-led electric-vehicle maker has since late last year launched a price war to stoke demand and quell competition from legacy automakers such as Ford Motor and Chinese rivals including BYD. Tesla's earnings on Wednesday are expected to show its gross profit margin declined to 18.9% in the second quarter, according to 19 analysts polled by Visible Alpha.
( 8
min )
Microsoft signs an agreement to keep the 'Call of Duty' videogame franchise on Sony’s PlayStation consoles following Microsoft's acquisition of Activision.
( 29
min )
(Bloomberg) -- The biggest US banks are facing tougher competition for deposits and shelling out more to keep them. That doesn’t bode well for their smaller peers. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUPS Union Asks Biden Not to Intervene in Case of StrikeAmerica’s regional lende
( 9
min )
Tesla's first Cybertruck rolls off the assembly line, and United Airlines and its pilots reach a contract agreement. Both Tesla and United also report earnings this week as do Bank of America, Morgan Stanley, Goldman Sachs, and Netflix.
( 27
min )
Tesla announced over the weekend that the first Cybertruck had been built at the company’s factory in Texas.
( 26
min )
(Bloomberg) -- Richemont shares declined after the Swiss luxury-goods maker reported an unexpected decline in sales from the Americas, raising concern over how weak the US market might get. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes Temporary Control of Danone, Carlsberg AssetsUPS Union Asks Biden Not to Intervene in Case of StrikeHistory Says It’s Time to Buy Long-Term Bonds as Peak R
( 7
min )
(Bloomberg) -- Czech billionaire Daniel Kretinsky is set to take control of Casino Guichard Perrachon SA after a trio of French businessmen led by telecommunications investor Xavier Niel pulled out of the race for the troubled grocer. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes Temporary Control of Danone, Carlsberg AssetsUPS Union Asks Biden Not to Intervene in Case of StrikeHistory Sa
( 8
min )
Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20's Financial Stability Board said on Monday. The FSB published on Monday final recommendations requested by the G20 on supervising firms that trade cryptoassets such as bitcoin. "As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said.
( 6
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Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at Microsoft, Plug Power, Baidu, and General Mills. UBS upgraded Microsoft (NASDAQ:MSFT) to Buy from Neutral and raised its price target to $400.00 from $345.00 given evidence of stabilizing cloud infrastructure spending, positive near-term AI catalysts, and an attractive valuation.
( 7
min )
The U.S. SEC has accepted BlackRock’s application for a spot Bitcoin ETF, a major step for the potential launch of the country’s first spot Bitcoin ETF.
( 7
min )
China Evergrande Group, the world's most indebted property developer, is expected to post on Monday significant losses in its long overdue results for 2021 and 2022 - numbers the market will scour for updates on the company's liquidity. After announcing an offshore debt restructuring plan in March, it is now garnering support to complete the process. With about $300 billion of total liabilities, Evergrande's debt problem has rippled through China's property sector, a pillar of the world's second-largest economy, leading to a string of defaults and uncompleted homes in the country.
( 7
min )
Asian shares were mostly lower on Monday after China reported weaker growth than forecast in the last quarter. Markets in Japan were closed for a holiday and Hong Kong’s market closed due to a typhoon. U.S. futures and crude oil prices were lower. The Shanghai Composite index dropped 1.2% to 3,199.17 after China reported its economy grew at a 6.3% annual pace in April-June.
( 9
min )
The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. "We are close to reaching an agreement on the global minimum tax system," said Yellen, after a bi-lateral meeting with India's finance minister Nirmala Sitharaman on the sidelines of a G20 meeting.
( 6
min )
(Bloomberg) -- It’s not a misprint. Telecom Italia SpA, Italy’s beleaguered former telephone monopoly, once pitched a plan to buy Apple Inc. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes ‘Temporary’ Control of Danone, Carlsberg AssetsHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearUS Homeowners Are Tapping $9 Trillion in Real Estate WealthAbout 25 years ago a group of exec
( 11
min )
(Bloomberg) -- China’s economy grew slower than expected in the second quarter, with consumer spending easing notably in June, sounding more alarm bells about the recovery. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes ‘Temporary’ Control of Danone, Carlsberg AssetsHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearUS Homeowners Are Tapping $9 Trillion in Real Estate WealthGr
( 6
min )
(Bloomberg) -- Asian shares face headwinds Monday after the rally in US bonds and stocks hit a wall Friday amid concern that the Federal Reserve can’t claim victory over inflation yet.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tig
( 8
min )
China's industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery. The data released by the National Bureau of Statistics (NBS) on Monday came above expectations for a 2.7% increase in a Reuters poll of analysts. China's post-pandemic economic recovery has slowed sharply after a brisk start in the first quarter, with the central bank pledging more support to boost activity and consumer and business confidence.
( 5
min )
Bitcoin rose to trade at over US$30,300 on Monday morning in Asia, but the price fell over the weekend to around the pre-Ripple ruling level.
( 8
min )
(Bloomberg) -- Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tightening Is HereRival automakers pouncing on booming demand for electric
( 9
min )
Investing student loan money is a legal and moral gray area, which can cause financial challenges.
( 19
min )
Personal loan rates dropped back this week to 20.56%, losing 16 basis points since last week when the average personal loan rate sat at 20.72%.
( 18
min )
Saving for an education can differ from between countries. Here is a comparison of college savings accounts available in the U.S. and Canada.
( 22
min )
The S&P 500 gained 0.4% on Monday, July 17, 2023, ahead of more key corporate earnings set to be released this week.
( 17
min )
With few homes available for sale, house hunters are driving up prices as they acclimate to higher mortgage rates.
( 17
min )
Heading into the second half of 2023, the U.S. housing market has yet to see the typical spring and summer boom, as limited inventory and high borrowing costs dampen the market.
( 18
min )
Find out why the difference between the coupon interest rate on a bond and prevailing market interest rates has a large impact on how bonds are priced.
( 22
min )
The student loan system is in desperate need of reform as graduates struggle to find work and pay off their student loans. Learn about changes that can help.
( 24
min )
Shares of First Solar surged on Monday after agreeing to provide solar modules to Israel-based renewable energy firm Energix Renewables.
( 16
min )
ICE and Black Knight are selling Black Knight's Optimal Blue business to comply with regulatory concerns about ICE's purchase of Black Knight.
( 16
min )
Reports that affect the FX market and euro trading include the HICP, economic surveys, and the ECB press releases.
( 21
min )
Meta Platforms' Threads is under scrutiny from Congressional lawmakers less than two weeks after its launch, amid an ongoing investigation of big tech companies’ policies and practices.
( 17
min )
Corruption results in inefficiencies in the operations of emerging economies and prevents such economies from reaching the maximum level of development.
( 23
min )
Gender often plays a role in how car insurance companies determine rates, which can impact transgender and nonbinary people. Learn more about how insurance for this group works.
( 24
min )
Personal loans and car loans have similarities and differences. Weigh the pros and cons of personal loan versus car loans before buying a new or used car.
( 23
min )
Activision Blizzard's shares rose more than 3% as Microsoft And Sony agreed to a 10-year Call of Duty deal.
( 17
min )
Wheat futures jumped after Russia announced it was pulling out of a deal brokered by the United Nations allowing Ukraine to export grain through the Black Sea.
( 17
min )
Despite economic headwinds, fewer than half of U.S. business leaders expect a recession by the end of the year, JPMorgan Chase reported today in its 2023 Midyear Business Leaders’ Outlook.
( 17
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Learn about three major signals that it may be time to sell your bonds right now, including impending interest rate hikes and bond issuer instability.
( 20
min )
With an indirect loan, the issuer or holder of the debt doesn't have a direct relationship with the borrower. Instead, a third party issues the loan, with the help of an intermediary.
( 19
min )
Ford is cutting prices of its electric F-150 Lightning as it benefits from improved production and lower battery costs.
( 17
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U.S. equities were up at midday on Monday, July 17, 2023, ahead of more key earnings reports.
( 16
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An in-depth review of competing business models in the tech industry, including how Apple and Samsung are redefining corporate warfare.
( 22
min )
Nate Geraci of the ETF Store joins The Express to breakdown Bitcoin's incredible rise this year, and why the biggest asset managers in the world like BlackRock have filed to launch Bitcoin ETFs.
( 15
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The first Tesla Cybertruck rolled off the production line in Texas and Microsoft reached a deal with Sony that keeps Call of Duty on PlayStation as the company continues to work toward its merger with Activision. Here’s what investors need to know today.
( 19
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Allocated loss adjustment expenses (ALAE) are part of an insurer’s expense reserves that are attributed to the processing of an insurance claim.
( 18
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When does it make sense to buy a guaranteed rather than a non-guaranteed life insurance policy?
( 20
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All-risks coverage is insurance coverage for any incident that an insurance policy doesn’t specifically exclude.
( 17
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Dealer financing refers to loans originated by a retailer that are sold to a bank or other third-party institutions.
( 19
min )
A lease extension refers to a legal agreement extending the term of an existing lease or rental agreement.
( 19
min )
Als je deze zomer op vakantie gaat in Italië, kun je bij het bestellen van een pizza zomaar flink duurder uit zijn. Zo zijn basisingrediënten als tomaten en mozzarella flink in prijs gestegen. Ook olijfolie is duurder.
( 3
min )
Rusland heeft besloten de graandeal met Oekraïne niet te verlengen. Waar bestond die precies uit, waarom is hij geklapt en hoe moet het nu verder? Vijf vragen over de graandeal.
( 7
min )
Buitenlandse metselaars, stukadoors en dakdekkers kunnen voortaan makkelijker het Verenigd Koninkrijk in komen. De Britten hebben veel te weinig bouwvakkers en versoepelen daarom de regels.
( 3
min )
Miljoenen e-mails van het Amerikaanse leger zijn door een typefout naar domeinnamen in Mali gestuurd die door een Nederlander werden beheerd. Ook gevoelige informatie werd naar verkeerde adressen gestuurd.
( 4
min )
Rusland heeft besloten de graandeal met Oekraïne niet te verlengen. Waar bestond die precies uit, waarom is hij geklapt en hoe moet het nu verder? Vijf vragen over de graandeal.
( 7
min )
Als organisaties voor hun bedrijfsvoering kunstmatige intelligentie en algoritmes gebruiken, moeten ze uitleggen waarom ze dat doen. Daarvoor pleit de Autoriteit Persoonsgegevens.
( 4
min )
Wie een kapotte VanMoof-fiets heeft en hem wil laten maken, heeft steeds minder opties. De eigen winkels van VanMoof zijn al enkele dagen dicht en nu blijkt dat specifieke onderdelen bij Kwik-Fit ook op zijn.
( 3
min )
Het kabinet maakt zich zorgen over vertraging bij de vergroening van Tata Steel. Ook de omgevingsdienst die toezicht houdt op de staalfabriek in IJmuiden, vreest dat "een significant aantal risico's" de klimaatplannen van het bedrijf bedreigen.
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Rusland heeft maandag laten weten dat het land de graandeal voorlopig niet opnieuw wil verlengen. Waarom is dat ook alweer belangrijk voor de rest van de wereld?
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Rusland heeft maandag laten weten dat het land de graandeal voorlopig niet opnieuw wil verlengen. Waarom is dat ook alweer belangrijk voor de rest van de wereld?
( 4
min )
Moederbedrijf Meta mag in Noorwegen tijdelijk geen gerichte reclames meer plaatsen op zijn platforms Facebook en Instagram. Volgens de Noorse privacytoezichthouder Datatilsynet gebeurt dat op een illegale manier.
( 3
min )
Miljoenen e-mails van het Amerikaanse leger zijn door een typefout naar domeinnamen in Mali gestuurd die door een Nederlander werden beheerd. Ook gevoelige informatie werd naar verkeerde adressen gestuurd.
( 4
min )
Rusland stapt vanaf dinsdag uit de graandeal. Met die afspraak kon de graanexport via de Zwarte Zee doorgaan, wat goed was voor de voedselprijzen. Volgens het Kremlin heeft het besluit niet te maken met het incident op de Krimbrug zondagnacht.
( 4
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Rusland stapt vanaf dinsdag uit de graandeal. Met die afspraak kon de graanexport via de Zwarte Zee doorgaan, wat goed was voor de voedselprijzen. Volgens het Kremlin heeft het besluit niet te maken met het incident op de Krimbrug zondagnacht.
( 4
min )
Handelaren konden maandagochtend een megawattuur gas kopen voor 24,20 euro. Dat is de laagste prijs sinds september 2021 en minder dan 10 procent van de piekprijs van augustus vorig jaar.
( 3
min )
Werkgevers die mensen uit de bijstand aan werk helpen, kunnen daar straks subsidie voor krijgen. Het kabinet stelt 70 miljoen euro ter beschikking om kwetsbare mensen op de arbeidsmarkt te helpen.
( 3
min )
Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.
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Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.
( 7
min )
H&M opent in 2025 de deuren in Brazilië. Nergens groeide de omzet van het kledingbedrijf in het afgelopen jaar zo hard als in Zuid-Amerika en de Verenigde Staten.
( 3
min )
H&M opent in 2025 de deuren in Brazilië. Nergens groeide de omzet van het kledingbedrijf in het afgelopen jaar zo hard als in Zuid-Amerika.
( 3
min )
TomTom ziet een groeiende verkoop van navigatiesystemen en heeft naar eigen zeggen een sterk eerste half jaar achter de rug. Het bedrijf verhoogt de verwachte omzet voor 2023.
( 3
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Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.
( 7
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It’s no secret that the stock market has rallied this year, with year-to-date gains near 17% on the S&P 500 and 35% on the NASDAQ. There’s also talk that this rally could turn into a true bull market, putting investors in an upbeat mood and providing a welcome counterpoint to the widespread belief that the US will see a recession later this year. Watching the market situation from Goldman Sachs, Vice President Deep Mehta sees two paths to take advantage of the current rally: growth and margin ex
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REITs and real estate mutual funds have their differences, yet they both offer liquidity and easy access to diversified real estate assets.
( 24
min )
The pact follows agreements at Delta and American that included significant raises for pilots.
( 27
min )
(Bloomberg) -- Oil fell for a second session as a major Libyan field resumed output after protesters that shut the facility ended their demonstration.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tightening Is HereGlobal benchmark Br
( 6
min )
A raft of Chinese economic indicators for June - investment, retail sales, industrial production and unemployment - will be released on Monday, as well as the second-quarter GDP report. Activity has slowed, the economy is sliding towards deflation, and investors have shunned China's stocks, bond and currency. China's economic surprises index last week hit a one year-low.
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Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.
( 27
min )
The Judge appeared to align herself with Coinbase, saying its S-1 may have some legal weight.
( 8
min )
Second-quarter earnings season continues with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, IBM, Netflix, TSMC, Johnson & Johnson, and Newmont.
( 27
min )
From plunging car sales to a collapse in Moscow's current-account balance, there's no denying that Russia is suffering severe economic damage.
( 7
min )
The dominance of the US dollar is slipping — and this global currency fight will determine whether America can stay on top of the world economy.
( 15
min )
We’re in the stock market to generate a profitable return; there’s no other reason to invest in anything, really. That makes the first point any investor needs to consider, the most important question in stock investing, quite simple: Will this stock grow, and produce a return? It’s a situation meant for data analysis, and the Smart Score. The Smart Score is a sophisticated data collection and collation tool, based on an AI algorithm, that scours the markets, gathers the data on thousands of pub
( 11
min )
The reality TV star shared how she grew her net worth by paying off debt, investing in real estate, and increasing her income.
( 9
min )
(Bloomberg) -- It just may have been the week that broke the dollar.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionThe greenback’s worst slump since November has a bevy of strategists and investors saying a turnin
( 9
min )
If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable income now $50,000? … Continue reading → The post Ask an Advisor: Help Me Understand the Math. How Does Donating to Charity Reduce My Taxes? appeared first on SmartAsset Blog.
( 10
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A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive long-term or residential-care benefits under the … Continue reading → The post A Clever Strategy to Get Your Long-Term Care Costs Covered by Medicaid appeared first on SmartAsset Blog.
( 9
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I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.
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If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, you'll need to follow their will (if they left one) or potentially go to … Continue reading → The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.
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After a grantor passes away, becoming the trustee can be daunting, especially if you're responsible for distributing property. Houses are among the most valuable assets in a family for financial and sentimental reasons. Therefore, it's critical to understand how to … Continue reading → The post How to Transfer Property Out of a Trust After Death appeared first on SmartAsset Blog.
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min )
The new workday dead zone is why so many bosses hate hybrid work.
( 25
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(Bloomberg) -- A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into Recessio
( 9
min )
(Bloomberg) -- Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further increase later in the year.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’History Says It’s Time to Buy Long-Term Bonds as Peak Rates NearBlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWhile offic
( 8
min )
This week in Borderlands: $18B LNG export terminal project moves forward at Texas seaport; DHL investing $560M to expand supply chains in Mexico, South America; German manufacturer announces 1st facility in Mexico; and CBP seizes nearly $4 million in meth from a California border crossing. The post Borderlands: $18B LNG export terminal project moves forward at Texas seaport appeared first on FreightWaves.
( 9
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Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion.
( 25
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Investors have long expected inflation to fall back to the Fed’s 2% target relatively quickly, a bet that is starting to look better now than it did a few months ago.
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Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.
( 18
min )
(Bloomberg) -- Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it’s finally paying off.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsSingapore House Speaker Resigns in New Blow to Ruling PartyUPS Union Asks Biden Not to Intervene in Case of StrikeAfter languishing for months, crude surged above $80
( 9
min )
Stocks surged this past week on evidence that inflation is cooling.
( 28
min )
Catch-up contributions will have to be done after taxes for those who make more than $145,000.
( 21
min )
A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.
( 7
min )
In a market where capacity is abundant, it is difficult to identify underlying shifts in demand. The post Annual demand dip paints incomplete picture of California markets appeared first on FreightWaves.
( 7
min )
REITs and real estate mutual funds have their differences, yet they both offer liquidity and easy access to diversified real estate assets.
( 24
min )
Learn how the law of supply and demand affects the oil industry. Supply and demand determine the price of oil and drive behavior in the oil industry.
( 22
min )
Asset management is the practice of increasing wealth over time by acquiring, maintaining, and trading investments that can grow in value.
( 25
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Read about the top five Chinese oil companies as measured by revenues, and learn a little more about their business operations.
( 22
min )
Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.
( 27
min )
A real estate investment trust (REIT) invests in income-producing real estate and trades like stocks. Real estate funds are mutual funds that may invest in REITs.
( 23
min )
A grant-in-aid is the transfer of national funding to state, local, private, or individual entities for a project.
( 18
min )
Is the iShares Year Treasury Bond ETF (TLT) a good bet for the long run?
( 18
min )
Buying then selling the same stock on the same day is called day trading. Your broker may restrict you from day trading if you are new to investing.
( 18
min )
Explore how the concepts of R-squared and beta are related and often used in conjunction with portfolio alpha.
( 20
min )
Why is the airline industry synonymous with ongoing losses and insolvency? We list four reasons.
( 19
min )
The law of supply and demand is an economic theory that drives many industries, including the real estate market.
( 22
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Property Appraisal and Valuation Equity (PAVE) describes a situation in which property appraisals are not affected by bias or discrimination.
( 25
min )
Like a tune-up for a car, portfolio realignment should minimize trouble down the road. Learn how to use a rebalance to minimize your portfolio risk.
( 23
min )
An economy is a system of production and consumption activities that determines how resources are allocated among all of its participants. Learn how it works.
( 28
min )
The cross elasticity of demand measures the responsiveness in the quantity demanded of one good when the price changes for another good. Learn how it works.
( 27
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Inflation may be cooling, but after 18 months of higher prices, parents are prioritizing school supplies and cutting back on apparel and tech devices in their back-to-school budgets this year.
( 17
min )
What was the value of the Dow Jones Industrial Average on Jan. 20, 2009, inauguration day for Obama, and did it perform during his presidency?
( 23
min )
Explore the impact of real value and nominal value on stock trading. Find out how these values are assigned and what causes them to change.
( 18
min )
Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.
( 18
min )
Learn more about the Iran Nuclear Deal, including its implementation, its cancellation, and the potential next steps.
( 25
min )
The Bank of England (BoE) is the central bank of the United Kingdom. Its role is similar to that of the Federal Reserve in the U.S.
( 23
min )
When deciding whether to pursue a master's degree in the U.S. or the U.K., consider degree structure, cost, and quality of education.
( 23
min )
Het populaire schietspel Call of Duty blijft ondanks de overname van Activision Blizzard door Microsoft beschikbaar voor PlayStations. Volgens Microsoft is dat in een overeenkomst vastgelegd. Het gaat om de grootste overname ooit in de gamingindustrie.
( 4
min )
Rusland heeft de controle overgenomen over de Russische activa van het Franse voedingsmiddelenconcern Danone en de Deense bierbrouwer Carlsberg. De aandelen van beide multinationals zijn "tijdelijk" onder controle gesteld van de staat, naar een decreet van president Vladimir Poetin.
( 3
min )
Institutionele beleggers zoals verzekeraars en pensioenfondsen willen dat beursgenoteerde bedrijven hun aandeelhoudersvergaderingen strakker gaan leiden. Dit jaar werden onder meer vergaderingen van ING en Ahold Delhaize verstoord door klimaatactivisten, die om de beurt telkens dezelfde vraag gingen stellen.
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min )
Institutionele beleggers zoals verzekeraars en pensioenfondsen willen dat beursgenoteerde bedrijven hun aandeelhoudersvergaderingen strakker gaan leiden. Dit jaar werden onder meer vergaderingen van ING en Ahold Delhaize verstoord door klimaatactivisten die om de beurt telkens dezelfde vraag gingen stellen.
( 4
min )
Het laatste graanschip is zondag uit de haven van de Zuid-Oekraïense stad Odesa gevaren, voordat maandag de VN-deal afloopt die de export van voedsel regelt. Oekraïne en Rusland zijn het nog altijd niet eens over een verlenging van de deal.
( 3
min )
De winkels van Chasin', het spijkerbroekenmerk van de failliete kledingketen Score, gaan verder onder een nieuwe eigenaar. De JOG Group, bekend van onder meer Jeans Centre, neemt ook de bijbehorende groothandel en webshop over.
( 3
min )
Turkije heeft de belasting op benzine zondag met bijna 200 procent verhoogd. Die stap moet de regering van president Recep Tayyip Erdogan helpen bij de uitgaven aan bijvoorbeeld schadeherstel na de aardbevingen in het land eerder dit jaar.
( 4
min )
De elektriciteitsprijzen op de spotmarkt in tal van Europese landen, waaronder Nederland, zullen dit weekend onder nul dalen. Dit gebeurt om er overal veel wind is terwijl er in de zomer steevast ook veel energie opgewekt wordt met zonnepanelen.
( 4
min )
Het is erg vervelend als je tijdens een reis met een lege smartphone-accu komt te zitten. Zeker als er geen stopcontact in de buurt is. Een powerbank kan de oplossing zijn. Maar welke kies je?
( 3
min )
De elektriciteitsprijzen op de spotmarkt in tal van Europese landen zullen dit weekend onder nul dalen. Dit gebeurt om er overal veel wind is terwijl er in de zomer steevast ook veel energie opgewekt wordt met zonnepanelen.
( 4
min )
De Verenigde Staten zijn niet bereid om handelstarieven voor Chinese producten af te schaffen. "De tarieven zijn ingevoerd omdat we ons zorgen maakten over oneerlijke handelspraktijken aan de kant van China. Die zorgen zijn er nog", zegt financiënminister Janet Yellen.
( 4
min )
Twitter is sinds de overname door Elon Musk ongeveer de helft van zijn advertentie-inkomsten kwijtgeraakt. Ook kampt de berichtendienst met een grote schuldenlast en een negatieve kasstroom. Dat wil zeggen dat er meer geld de onderneming uitgaat, dan dat er binnenkomt.
( 4
min )
De WOZ-waarde van koopwoningen blijft stijgen, ook nu de huizenmarkt is afgekoeld. Velen zijn daar niet gelukkig mee, want daardoor betaal je hogere belastingen. Maar er zitten ook voordelen aan een hoge WOZ-waarde.
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Huizenkopers, bouwbedrijven en corporaties vrezen dat de toch al stroeve woningbouw nog verder stilvalt nu het kabinet is gevallen. Dit omdat wetten die de huizenmarkt vlot moeten trekken mogelijk op de plank blijven liggen.
( 6
min )
Only companies with a solid history and top-notch management behind them are considered for listing on the NASDAQ.
( 21
min )
Use and occupancy insurance is the obsolete name of business interruption insurance, which covers loss of business from a covered disaster.
( 18
min )
A mutual fund can be a load or a no-load fund and the classification will determine if an investor pays a sales charge. While some funds may not have a sales charge that does not mean they do not have fees that will impact the return to the investor.
( 20
min )
Knightsbridge, West Brompton, Chelsea, Kensington, and Westminster have some of the most expensive homes in the U.K. Learn about the top five most expensive neighborhoods in London to understand what makes it such a desirable place to live and why it is so expensive.
( 22
min )
In each country, Netflix offers different shows and movies, and your account will not work when moving between countries.
( 20
min )
An agreed amount clause is a property insurance provision where the insurer agrees to waive the coinsurance requirement for the insured.
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min )
A loss payable clause is an endorsement where an insurer pays a third party for a loss in lieu of the named insured or beneficiary.
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min )
Gross net written premium income is the amount of an insurance company’s premiums that are used to determine the amount of premiums owed to a reinsurer.
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min )
Auto insurance is purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Discover more about it here.
( 20
min )
A claims adjuster investigates insurance claims to determine the extent of the insurance company's liability.
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min )
A requisition is a documented request for an item to be delivered by a certain date. Read how requisitions work as part of the procurement process.
( 21
min )
When dealing with divorce, life insurance is an important part of the process but is often overlooked. Don't make that mistake.
( 25
min )
A debt instrument is a tool an entity can use to raise capital. Any type of instrument primarily classified as debt can be considered a debt instrument.
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min )
A bungalow is a small house, cottage or cabin that was originally designed to provide affordable, modern housing for the working class.
( 19
min )
Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you
( 23
min )
While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.
( 21
min )
Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.
( 35
min )
The 2019 tax filing deadline is Monday, July 17, with as many as 1.5 million taxpayers owed an average $893, the Internal Revenue Service said.
( 17
min )
The student loan interest deduction allows for a tax break of up to $2,500 for interest payments on loans for higher education. Here's how to qualify.
( 26
min )
The procedural move suggests that the federal agency will give the closely-watched application a serious look.
( 6
min )
(Bloomberg) -- Investors loading up on long-term bonds have history at their back.Most Read from BloombergTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’US Homeowners Are Tapping $9 Trillion in Real Estate WealthSingapore Arrests Minister, Property Tycoon in Graft ProbeTesla Starts Cybertruck Production Two Years Behind ScheduleFTC Loses Appeal Bid to Block Microsoft-Activision DealFor decades, Treasuries maturing in 10 or more years have consistently outperformed shorter-dated
( 9
min )
A&W and Keurig Dr Pepper will pay $15 million to settle a class-action suit that claimed false advertising because real aged vanilla was not used.
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min )
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A mutual fund can be a load or a no-load fund and the classification will determine if an investor pays a sales charge. While some funds may not have a sales charge that does not mean they do not have fees that will impact the return to the investor.
( 20
min )
The electric pickup rolled off the line at the company’s Texas factory nearly four years after a prototype was unveiled.
( 25
min )
Ripple’s courtroom victory against the SEC was a win for holders of many leading altcoins this week.
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min )
Goldman Sachs’ former recruitment chief has accused it of creating a “culture of bullying” that caused staff to “sob” through meetings and led to him having a mental breakdown.
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Anheuser-Busch InBev (NYSE:BUD), the multinational brewing company behind Bud Light, is facing a crisis, and a former executive has offered his perspective on the situation. "It looks like the battle has already been lost," Anson Frericks, former president of Anheuser Busch Sales & Distribution Co., wrote in a recent column for the Daily Mail. In April, Bud Light partnered with transgender social media influencer Dylan Mulvaney, who has 10.7 million followers on TikTok. The collaboration trigger
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While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.
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Companies create committees and teams to seize on the potential of artificial intelligence as executives debate how best to handle the technology.
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The same is true with pretty much any skilled tradesperson these days. Don’t take it personally: There are all sorts of explanations, and only some may be your fault.
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How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.
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(Bloomberg) -- India and the United Arab Emirates agreed to use their respective local currencies for cross-border transactions, as Prime Minister Narendra Modi pushes the rupee’s role on the global stage.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money R
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A $10 million nest egg will pay for a comfortable retirement for the majority of retirement savers. However, whether that much is enough to fund any specific retiree's golden years depends on a number of factors. This includes pre-retirement lifestyle … Continue reading → The post Is $10 Million Enough to Retire? appeared first on SmartAsset Blog.
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You are required to report and pay federal taxes on any interest income you receive from a savings account. The income is taxed as unearned, which means you'll escape payroll taxes, but you will owe federal income tax on it … Continue reading → The post How Savings Accounts Are Taxed appeared first on SmartAsset Blog.
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Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.
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This week's Ripple ruling has brought even more uncertainty and disarray when it comes to regulating crypto. It's time for a solution.
( 8
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UnitedHealth signals that insurers can weather an increase in procedures for more-active seniors.
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(Bloomberg) -- Don’t belittle Corporate America’s famous profit engine.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearEquity strategists are boosting earnings forecasts for the S&P 500 Index over the coming year f
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The 2019 tax filing deadline is Monday, July 17, with as many as 1.5 million taxpayers owed an average $893, the Internal Revenue Service said.
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Amalgamated has big paper losses and a large number of uninsured deposits.
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A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for obscure securities.
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The importance that Iger accords Hulu as a linchpin in its revival playbook puts Comcast in a strong position to squeeze Disney.
( 11
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The latest chapter in the ongoing saga between the bank and the millennial founder would allow each side to dig for digital evidence.
( 10
min )
The Competition and Markets Authority (CMA) is now the only global regulator blocking Microsoft’s $69bn (£52bn) takeover of Activision after the US antitrust watchdog lost a key court appeal.
( 7
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As nations seek to cut their carbon footprints, demand has surged for clean energy, fuelling the global competition to secure critical minerals for climate-friendly power sources like batteries. China has been laser-focused on the task. After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, several Chinese-owned companies have now completed construction or upgrades of lithium processing plants. Observers said the new plants would help the country move
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(Bloomberg) -- The US inflation rate slipped to a more than two-year low, spelling relief for American consumers and moving the Federal Reserve a step closer toward ending an historic cycle of interest-rate hikes.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionHistory Says It’s
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Het Nederlandse bedrijf Fugro heeft van de regering van Curaçao opdracht gekregen een geofysisch onderzoek uit te voeren naar de zeebodem in de wateren rond Curaçao.
( 3
min )
Stakingen door luchthaven- en luchtvaartpersoneel hebben zaterdag in Italië en België honderden vliegtuigen aan de grond gehouden. Daardoor zijn duizenden reizigers gestrand.
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Hoewel de productie twee jaar vertraging opliep, heeft Tesla nu toch zijn eerste zogeheten Cybertruck gebouwd. Topman Elon Musk toonde de langverwachte elektrische pick-uptruck zaterdag op Twitter, omringd door tientallen werknemers in veiligheidshesjes en met helmen op.
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Met de komst van Bard zijn de drie grootste AI-chatbots van het moment nu beschikbaar in Nederland. Gaan deze chatbots de zoekmachines vervangen? En gaan ze veranderen hoe wij in de toekomst het internet gebruiken?
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Met de komst van Bard zijn de drie grootste AI-chatbots van het moment nu beschikbaar in Nederland. Gaan deze chatbots de zoekmachines vervangen? En gaan ze veranderen hoe wij in de toekomst het internet gebruiken?
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Hoewel dit weekend een van de drukste periodes van het jaar is voor Schiphol, zijn er vooralsnog geen wachtrijen bij de security. Ook bij de bagageafhandeling zijn geen problemen.
( 3
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Europese consumenten zijn binnenkort mogelijk nog meer geld kwijt voor zoete lekkernijen. De huidige hittegolven drijven de prijs van suiker namelijk op.
( 3
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Europese consumenten zijn binnenkort mogelijk nog meer geld kwijt voor zoete lekkernijen, omdat de huidige hittegolven de prijs van suiker opdrijven.
( 3
min )
Zo'n 530 Amerikanen hebben persoonlijke schadeclaims ingediend tegen Philips vanwege gezondheidsklachten als gevolg van gebreken bij de slaapapneuapparaten van het zorgtechnologieconcern.
( 3
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De Nederlandse belastingadviseur Frank B. is in New York aangeklaagd voor het maken van plannen om omgerekend meer dan 89 miljoen euro voor de Amerikaanse belastingdienst te verbergen.
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De Nederlandse belastingadviseur Frank B. is in New York aangeklaagd voor het maken van plannen om meer dan 100 miljoen dollar (89 miljoen euro) voor de Amerikaanse belastingdienst (IRS) te verbergen, aldus de aanklager in New York vrijdag.
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Het aantal bedrijven dat zich bezighoudt met het plaatsen van zonnepanelen is in tien jaar gegroeid van zo'n 700 naar ruim 5.600. Twee miljoen Nederlandse huizen hebben al zonnepanelen. En voor de resterende paar miljoen huizen zijn handjes nodig.
( 3
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The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said. Intel and Qualcomm declined to comment, and officials at the White House did not immediately return a request for comment.
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A recent surge in meme stocks is a bad sign for the market, one strategist says. But telling which ones are memes is complicated.
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Progress is progress, but don’t confuse it with victory. The Fed won’t.
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Falling inflation has helped boost stocks—and could keep the rally going.
( 26
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While there are still plenty of banks—large and small—to post financial results over the next two weeks, the early read for the sector has been positive.
( 26
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Analysts weigh in on Microsoft, Oracle, U.S. Bancorp, IMAX, American Tower, Haverty Furniture, and Macy’s.
( 26
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As actors go on strike, the entertainment industry is facing a series of major challenges, including the potential end of the pay-TV bundle. For investors, Netflix could be the safest play.
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The decision to forgive loans for more than 804,000 borrowers comes after the Supreme Court blocked Biden’s loan forgiveness program.
( 26
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Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises. The post Russian crude prices have breached the G-7 price cap. Now what? appeared first on FreightWaves.
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A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the biggest market values soared between 40% and over 200% so far this year. The outsized gains have come with big earnings expectations for the seven companies: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms.
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(Bloomberg) -- Nikola Corp. has finally reignited some of the fervor of its once die hard day-trading fans.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Euphoria Dwindles After Hot Economic Data: Markets WrapThe electric-vehicle maker gained around 60% this week thanks to a ra
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Biotech stocks make for an interesting study. They represent a high-risk sector, characterized by famously high overhead and long lead times to develop new products. However, they also hold the potential for high rewards when new drugs open up markets with potential sales targets sometimes reaching billions of dollars. It’s not just the future sales potential that fuels the possibilities for rewards; a successful small-cap biotech company, with a newly approved drug, will frequently attract merg
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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.
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(Bloomberg) -- AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicros
( 7
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National Amusements said that lower cash flows created uncertainty for the company, triggering discussions to renegotiate debt.
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Inheritors subject to a new 10-year payout window don’t have to take required minimum distributions for 2023.
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U.S. home prices could still drop this year, according to a Pantheon economist, contrasting a narrative the housing market has recovered from higher mortgage rates.
( 7
min )
SpaceX, the spacecraft manufacturer owned by billionaire Elon Musk, is now worth almost $150 billion after a second share sale by insiders in seven months.
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During Berkshire Hathaway’s 2019 annual meeting in Omaha, Nebraska, billionaires Bill Gates and Warren Buffett took a break from their busy schedules and visited Dairy Queen for lunch. Buffett, a long-time customer and owner of Dairy Queen through Berkshire Hathaway’s acquisition in 1998, wanted to experience the restaurant’s operations firsthand. One thing that caught Gates and Buffett's attention was how Dairy Queen serves its popular menu item the Blizzard. Each Blizzard is served upside down
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Ripple's XRP was down 25% from its highest levels on Thursday.
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Americans bought more battery-electric vehicles in the second quarter than ever before. Competitors gained a tiny bit of ground on Tesla.
( 26
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(Bloomberg) -- As big US banks earn more from lending, the question has gnawed: When will depositors see their reward? It’s finally starting.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTreasury Euphoria Dwindles After Hot Economic Data: Markets WrapTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Interest expense at Wells Fargo & C
( 8
min )
The boss of the world’s biggest asset manager today continued to sing Bitcoin’s praises.
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Rising deposit costs aren’t unique to any bank right now—even giants such as JPMorgan Chase and Wells Fargo. But some banks, because of the nature of their business, might be feeling the effect of them more than others.
Trust bank State Street beat analysts’ second-quarter bottom-line net income fo
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Ericsson and Nokia are seeing signs of soft demand from U.S. telecom carriers. Both stocks are down, and the selloff is spreading.
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A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said it will begin training nonunion employees in the U.S. to step in should there be a strike, which the union has vowed to do if no agreement is reached by the end of this month. “While we have made great progress and are close to reaching an agreement, we have a responsibility as an essential service provider to take steps to help ensure we can deliver our customers’ packages if the Teamsters choose to strike,” UPS said. Teamster-represented UPS workers voted for a strike authorization last month and union chief Sean O’Brien previously said that a strike was imminent.
( 7
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First Republic, the failed bank JPMorgan bought in May, provided a $2.7 billion gain but also led to $1.2 billion in credit costs.
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UPS’ nonunion employees have begun training for a possible work stoppage. The post UPS begins `business continuity’ training to prep for strike appeared first on FreightWaves.
( 7
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Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.
( 18
min )
(Bloomberg) -- AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicros
( 7
min )
Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023. The sector, which includes oil and oilfield exploration companies, is coming off of two years or rising oil prices and inflation. Now the S&P 500 has broken free from the bear market, but the energy sector is among the biggest laggards with a 7.4% dip.
( 8
min )
The US dollar has fallen rather hard during the course of the trading week as inflation numbers have cooled off.
( 7
min )
Dimon says he's not opposed to remote work if it works, but "if it doesn't work, I don't mind getting rid of it."
( 7
min )
The euro has rallied rather significantly during the course of the week, breaking above the 1.12 level.
( 7
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As earnings reports file in from some of the country’s largest banks, Truist endorses the smaller financial services company that has had a stellar year.
( 29
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J.P. Morgan analyst Philip Cusick changed his rating of the stock to Neutral from Overweight.
( 26
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(Bloomberg) -- Jamie Dimon and his big bank are channeling Martha and the Vandellas. Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicrosoft, Activision Eye UK Rights Sale to Get Merger Done“They’re dancing in the streets,” Dimon said about some rivals on a Friday call with analysts about JPMorga
( 6
min )
(Bloomberg) -- Bill Harnisch is on a roll. Assets in his Peconic Partners hedge fund are ballooning thanks to a near-perfect run of market timing that included shorting last year’s bear market and pivoting long just as the tide turned.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicrosoft, Activ
( 9
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Microsoft upgraded, AT downgraded: Wall Street's top analyst calls
( 9
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President Joe Biden's administration has announced it will cancel student debt for over 800,000 borrowers, in relief that totals up to $39 billion.
( 18
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UnitedHealth beat second-quarter expectations as an acquisition and more Medicare Advantage customers fueled growth that balanced a jump in care use. The health care giant also raised the low end of its 2023 earnings forecast range on Friday after its profit jumped 8% to $5.47 billion in the quarter. UnitedHealth runs a health insurance business that covers more than 50 million people, mostly in the United States.
( 7
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The stock surged nearly 61% to a more than four-month high on Thursday after Nikola entered a deal to sell 50 EVs to BayoTech and purchase low-carbon hydrogen from the firm. The short squeeze in Nikola, after short sellers rushed to exit bearish bets due to a rise in the stock's price, led to a record 317 million shares traded on Thursday. Last week, Nikola reported a sequential jump in EV sales in the second quarter, a positive sign for the startup that has been grappling with a cash crunch and stiff competition.
( 7
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Since hitting bottom last October, the S&P 500 has bounced back strongly – in fact, it’s up approximately 25% from that trough. A rally of that magnitude meets the definition of a bull market, and some economists are saying we’re experiencing just that. A word of caution, however, comes from investment firm Wells Fargo. In a recent warning to investors, investment strategy analyst Austin Pickle notes that a recession is likely in the near future, and says, “With stock valuations full, we believe
( 11
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Between BlackRock's Bitcoin ETF filing and the Ripple court ruling, Coinbase stock has soared. Here's the case for caution.
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The Education Department said it will begin notifying borrowers on Friday about the automatic discharge.
( 7
min )
China’s economy is having a rough summer, but the country is churning out record amounts of diesel and importing vast amounts of crude oil.
( 26
min )
Wells Fargo's profits jumped 57% in the second quarter thanks to higher interest rates and loan balances, the bank said Friday. Like other banks, Wells has benefitted from the Federal Reserve’s aggressive interest rate hikes as the central bank tries to bring down the worst inflation since the 1980s. Wells said it set aside another $949 million in its allowance for credit losses, mostly for commercial real estate office loans and higher credit card loan balances.
( 7
min )
SpaceX stock is said to be worth $150 billion. That's more than either Boeing, Raytheon, or Lockheed.
( 26
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Healthcare and insurance company UnitedHealth Group said its revenue grew 16% to $92.9 billion in the latest quarter.
( 24
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America’s 5G revolution is faltering.
Ericsson and Nokia shares were both down over 8% in recent trading. Key network suppliers to the likes of Verizon Communications and AT&T, the companies independently cut their profit outlooks on Friday morning as the weak U.S. market shows no immediate sign of
( 23
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Some truck drivers at Yellow are worried about their retirement plans. Others fear their jobs may be eliminated in the coming months. The post Yellow truck drivers sound off on troubled fleet, Teamsters appeared first on FreightWaves.
( 16
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Net income rose to $4.94 billion, or $1.25 per share, for the three months ended June 30, compared with $3.14 billion, or $0.75 per share, a year earlier, the lender said on Friday. After the Federal Reserve raised interest rates to tame inflation, banks have benefited by charging customers more to borrow money. Fed Chair Jerome Powell signaled late last month that the central bank will likely resume its rate-hiking campaign after leaving the policy rate unchanged in June.
( 7
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JPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report earnings Friday, UnitedHealth raises its 2023 outlook, and Microsoft shares are upgraded.
( 27
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The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency. IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months. In one case, an individual had used money owed to the government to buy a Maserati and a Bentley, and roughly 100 high-income individuals attempted to get favorable tax treatment through Puerto Rico without meeting certain tax requirements.
( 7
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(Bloomberg) -- Investors are piling so much money into stocks that they’ll be ripe for shorting as risks of sticky inflation and hawkish central banks grip markets in the second half of the year, Bank of America Corp. strategists say.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Singapore Expands Graft Probe to Include Hotel Tycoon OngEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsMicrosoft, Activis
( 7
min )
Nokia and Ericsson shares fell after both gave disappointing guidance on Friday and flagged a slowdown in North American sales.
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The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
( 7
min )
(Bloomberg) -- Chinese President Xi Jinping finally appears to be extending an olive branch to private businesses battered in recent years by regulatory crackdowns and the world’s most restrictive Covid-19 policies.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Singapore Expands Graft Probe to Include Hotel Tycoon OngEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsMicrosoft, Activision Eye UK Rights S
( 8
min )
The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said.
( 7
min )
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at AT&T, Progressive, Alcoa, and SoFi Technologies. AT&T (NYSE:T) shares fell more than 1% pre-market today after JPMorgan downgraded the company to Neutral from Overweight and cut its price target to $17.00 from $22.00, noting that the company is experiencing slightly increased pressure in the Mobility sector from Verizon Communications (NYSE:VZ), T-Mobile US (NASDAQ:TMUS), and cable providers, as well as in the Consumer Wireline segment from cable and FWA providers.
( 7
min )
There may be no better business out there than payment processing. Yet both stocks look cheap relative to past valuations.
( 29
min )
XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.
( 7
min )
Bitcoin, all other top 10 non-stablecoin tokens logged gains Friday morning. That followed a favorable SEC ruling for Ripple, whose XRP token led the gains.
( 8
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Over the past two years, inflation has dominated headlines as prices have been rising at their fastest pace since the late 1970s. In June of last year, the inflation rate peaked at a 40-year high of 9.1%, causing significant alarm. However, the latest data from this past June reveals a somewhat encouraging annualized rate of just 3%. Markets rose on the news, reflecting a sense of relief and optimism that the worst is over. With this boost to overall economic sentiment, investors now have a favo
( 10
min )
Find out who is considered an independent student for financial aid purposes.
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The main difference between investing and speculating is the amount of risk undertaken in the trade.
( 22
min )
A subprime auto loan is a type of loan used to finance a car purchase that’s offered to people with low credit scores or limited credit histories.
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min )
The U.S. government and private lenders can garnish your bank account to recover unpaid student loans in multiple ways
( 21
min )
Does lending shares in a short sale transaction provide any benefit other than interest on the loan? And who profits—the broker or the shares' owner?
( 19
min )
Eli Lilly agreed to buy biopharma firm Versanis for up to $1.93 billion, boosting Lilly's reach into the obesity drug market.
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min )
Primarily on the strength of UnitedHealth Group’s earnings, the Dow Jones gained 125 points, finishing higher every day this week
( 17
min )
30-year mortgage rates have now registered a full week of daily declines, sinking the flagship average more than half a percentage point below the peak notched one week ago.
( 20
min )
The White House and EPA competitions worth $20 billion to expand investments in new projects aimed at reducing greenhouse gas emissions.
( 16
min )
SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
( 20
min )
Consumer sentiment jumped in July to the highest level since September 2021, according to the University of Michigan's Consumer Sentiment Index.
( 16
min )
USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
( 18
min )
The second half of the year might appear somewhat more promising, but venture capital funding could remain constrained after plunging in the wake of this spring's bank failures.
( 18
min )
USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
( 18
min )
A Registered Education Savings Plan - RESP is a government-sponsored program that helps pay for a child's future post-secondary education.
( 19
min )
Major crypto exchanges, such as Coinbase and Kraken, have relisted XRP after a judge ruled the digital asset sold on an exchange is not a security.
( 18
min )
Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.
( 17
min )
UnitedHealth Group's double-digit growth for the sixth consecutive quarter, a lower-than-expected increase in costs, and an upward revised earnings outlook pushed the company's share price up in early market trading.
( 17
min )
U.S. equities were up at midday on Friday, July 14, 2023, and heading for a winning week following inflation and earnings news.
( 16
min )
Shares of Citigroup declined over 2% intraday on Friday after the bank’s profit and sales dropped in what CEO Jane Fraser called “a disappointing quarter.”
( 16
min )
A robust demand for loans and higher interest rates that increased its net interest income fueled JPMorgan Chase's second quarter earnings, its first after the acquisition of the ailing First Republic Bank in May.
( 17
min )
President Joe Biden's administration has announced it will cancel student debt for over 800,000 borrowers, in relief that totals up to $39 billion.
( 17
min )
Slechte communicatie, leveringsproblemen, constant stukgaan en nu uitstel van betaling: het hippe Amsterdamse fietsenbedrijf VanMoof staat er slecht voor. NU.nl vroeg lezers naar ervaringen met VanMoof - en ontving een stortvloed aan e-mails. Bijna de helft daarvan ging over niet-geleverde fietsen.
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min )
De chocoladeproducent Ferrero heeft de productie in een Belgische fabriek opnieuw stilgelegd na een nieuwe salmonella-uitbraak. Het bedrijf, bekend van de Kinder Surprises, heeft bevestigd dat geen enkel eindproduct vrij was van de bacterie.
( 3
min )
Het Duitse autoconcern Volkswagen heeft 321.600 volledig elektrische auto's verkocht in de eerste helft van 2023. Dat is 50 procent meer dan een jaar eerder, toen het bedrijf nog kampte met een tekort aan chips.
( 3
min )
Honderden medewerkers van het accountantsbedrijf KPMG zijn betrokken bij examenfraude. Zo stuurden werknemers de antwoorden rond naar collega's die een training nog moesten volgen. Het is de eerste keer dat zoiets in Nederland aan het licht komt.
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Europeanen met een account op Twitter-concurrent Threads kunnen sinds vrijdag geen berichten meer plaatsen. De app is officieel nog niet beschikbaar in de Europese Unie, maar veel Europeanen gebruikten de app via een omweg alsnog.
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Cryptobedrijven zijn opgetogen over een recente uitspraak van een Amerikaanse rechter. Die gaf cryptobedrijf Ripple deels gelijk in een zaak die was aangespannen door toezichthouder SEC. De uitspraak kan grote gevolgen hebben voor andere uitgevers van digitale munten.
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India heeft vrijdag de onbemande maanmissie Chandrayaan-3 gelanceerd. Als alles goed gaat, komt de maanlander in de tweede helft van augustus aan op de maan.
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Medewerkers van de Engelse luchthaven Londen Gatwick gaan deze zomer acht dagen staken. Ze willen meer loon, en dat kan ook Nederlandse reizigers treffen.
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Het is onrustig in de distributiecentra van supermarktketen Jumbo. Werknemers klagen dat de roosters vaak te laat zijn, dat ze verplicht moeten overwerken en over hoge werkdruk. Vakbond FNV heeft het bedrijf vier weken de tijd gegeven om orde op zaken te stellen.
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Een nieuw wereldwijd hitterecord hangt in de lucht. Dat zal vrijwel zeker gebeuren in 2024. En de kans groeit dat ook 2023 al recordheet wordt. Dat zeggen Amerikaanse klimaatwetenschappers tegen NU.nl, op basis van de nieuwste temperatuurmetingen.
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De lonen van bijna een miljoen werkenden gaan de komende twaalf maanden ruim 8 procent omhoog. Dat is afgesproken in de cao's die in juni zijn gesloten, meldt werkgeversvereniging AWVN.
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Een deel van de klanten van KPN kon vrijdagochtend enkele uren geen tv kijken door een storing. Het probleem is rond 10.30 uur verholpen.
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In de eerste helft van 2023 werden veel minder kantoren, winkels en woningen verhandeld door vastgoedbeleggers. Zij vinden de aankoop van panden minder interessant door de opgelopen rente.
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KPN heeft vrijdagochtend te maken met een storing in de interactieve tv-dienst. Daardoor kunnen klanten geen televisiekijken.
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Klanten met een vast contract kunnen bij het terugleveren van stroom toch te maken krijgen met variabele tarieven, blijkt uit onderzoek van de Consumentenbond onder tientallen energieleveranciers. Toezichthouder ACM zegt dat dergelijk beleid niet mag.
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Onduidelijkheid over fiscale maatregelen leidt ertoe dat er dit jaar minder elektrische auto's worden verkocht.. Vooral particulieren zijn voorzichtiger, ook op de tweedehandsmarkt.
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Company says the studies played a significant role in lawsuits over its Baby Powder and Shower to Shower products.
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Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
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"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.
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The S&P 500 is up about 25% from its bear market low hit in early October.
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A UnitedHealth executive spooked the market last month with talk of pent-up demand for Medicare Advantage, which would push up costs.
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For first-time homebuyers, finding the perfect time to enter the real estate market can feel like a never-ending game. In the face of record-high inflation, steep interest rates and a dwindling supply of new homes, the path from renter to homeowner has become increasingly challenging. But amidst the economic uncertainties, there are strategic moves potential buyers can make to ensure they are well-prepared when the right opportunity arises. To begin with, it is crucial to have a clear understand
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Shares of crypto exchange Coinbase Global jumped Thursday after crypto company Ripple Labs defeated part of a regulatory case over its sale of digital token XRP.
Co
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Wall Street expects Citigroup's second-quarter earnings to tumble from a year ago. The bank reports Friday before the market opens.
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ETH Trades Above $2,000, XRP Rockets 55%
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The judge said the nature of the transaction itself, rather than the token, determined its status under the law.
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New market intelligence data reveals that the U.S. iPhone market share experienced a significant increase during the first quarter of this year, defying the overall decline observed in the smartphone market. The report indicates that while the smartphone industry faced challenging times, with a sharp decrease in U.S. smartphone shipments, Apple maintained a strong position and expanded its market share. The figures from Counterpoint’s latest market estimates show a concerning 17% year-on-year dr
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(Bloomberg) -- Cryptocurrencies rallied as digital-asset advocates touted a ruling from a federal judge in the US Securities and Exchange Commission’s lawsuit against Ripple Labs Inc. as a victory for the industry when it comes down to what is classified as a security. Most Read from BloombergEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces M
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Shares in Viasat plunged by as much as 36% to about a one-year low on Thursday after the U.S. satellite communications firm disclosed that one of its key satellites malfunctioned during deployment in space. The company's ViaSat-3 Americas satellite developed an unexpected fault during its deployment - an issue that might affect its performance, Viasat announced after markets closed on Wednesday, adding that it had launched a review. The satellite, which was launched onboard SpaceX's Falcon Heavy rocket on April 30, is a key part of Viasat's plan to expand its broadband business in the Americas.
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Health savings accounts (HSAs) are one of the least-known retirement tools available but they can make a big difference in preparing for what can be the biggest concern in retirement – covering healthcare costs. That’s because HSAs offer a triple tax benefit: your money goes in tax-free, your account earnings aren't taxed and withdrawals for […] The post Fidelity Says This Is How to Get More Out of Your HSA appeared first on SmartReads CMS - SmartAsset.
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XRP climbed as high as 64 cents at one point, its highest level since May.
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Nikola announces the sale of 50 trucks powered by fuel cells running on hydrogen gas.
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Financial Times Meta Platforms Seeks To Launch Commercial Version Of Its Artificial Intelligence Model Meta Platforms Inc (NASDAQ: META) stock is trading higher Thursday amid reports of the company bracing to launch a commercial version of its artificial intelligence model. Now, Meta can compete with Microsoft Corp (NASDAQ: MSFT) -backed OpenAI and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google in the race to develop generative AI. Meta released its language model, LLaMA, to researchers and
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↗️ Alphabet (GOOG): The Google parent's stock jumped 4.6% after the tech giant said it was adding more languages to its Bard AI chatbot and expan
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(Bloomberg) -- Barry Bannister was one of only a handful of Wall Street forecasters who correctly predicted this year’s US stock rally at the start of 2023. Now, the Stifel strategist says this is as good as it gets.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Ex-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarEpstein-Staley Emails Reveal
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Russia's flagship Urals crude oil prices breached the price cap of $60 a barrel on Tuesday, per S&P Global.
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Investing legend and Berkshire Hathaway Chairman and CEO Warren Buffett continues to demonstrate his commitment to modesty and frugality through his annual salary of $100,000. Despite his status as one of the world's wealthiest people, public filings with the Securities and Exchange Commission reveal that Buffett has not received a pay raise in over four decades. Berkshire Hathaway's recent proxy statement unveils a noteworthy aspect of Buffett's compensation package. While his salary remains mo
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(Bloomberg) -- Corners of the consumer and corporate market are beginning to feel the pain from the Federal Reserve’s ultra-aggressive rate hikes, even though broader macroeconomic indicators are still showing signs of strength, says Apollo’s Torsten Slok. Most Read from BloombergDeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious G
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Companies that go from losing money to earning money tend to outperform the market. Look to travel stocks, Boeing, Uber, and PG&E.
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Shares of Progressive fell Thursday after the insurer's second-quarter earnings came in lighter than Wall Street analysts had expected.
Progressive stock was recently down more than 8%, on pace for its largest one-day percentage decrease since 2018. Shares of Allstate, [another auto-focused insurer
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(Bloomberg) -- A week after the US two-year yield topped 5% en route to its highest levels since 2007, the mood has changed completely and bond bulls are mapping out a course for 4%, if not lower. Most Read from BloombergEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986NATO Is Papering Over the Cracks After
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(Bloomberg) -- Viasat Inc. shares fell as much as 36% Thursday, on track for a record drop if losses hold, after the company said an unexpected event occurred during one of its deployments that could hinder performance of a communication satellite. Most Read from BloombergFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Mashinsky Charged in Latest DO
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There are murmurings on Wall Street that the big tech-led year-to-date rally is about to run aground, but according to one prominent Wall Street analyst, that is not the case at all. In fact, the opposite is true, says Wedbush’s Daniel Ives, who believes many are in for a positive surprise as Q2 earnings season gets underway. “We believe a new tech bull market has begun to take shape being led by the AI Revolution and we expect to see a better-than-expected 2Q earnings season for the tech space
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Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read … Continue reading → The post 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients appeared first on SmartAsset Blog.
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Viasat discloses a problem with one of its new ViaSat-3 satellites.
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(Bloomberg) -- Exxon Mobil Corp. agreed to buy Denbury Inc. for $4.9 billion, its biggest acquisition in six years, in a deal that will provide the oil giant the largest network of carbon dioxide pipelines in the US.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986Fund Titans Are Betting on Everything Gaining Against the DollarDeSantis Says No Thanks to $377 Million in US Energy FundsNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolInflation at 3%
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Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.
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The first quarter of 2022 has been difficult for retirement savers and retirees alike, and according to investment firm Charles Schwab, it was one of the worst quarters for fixed-income in decades. However, the rising yields and changed Federal Reserve … Continue reading → The post Charles Schwab Says Now Is the Time to Add This Asset to Your Retirement Portfolio appeared first on SmartAsset Blog.
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Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon.
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The company said shoppers continued to stomach rising food prices, boosting its margins and sales.
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J.P. Morgan analysts downgraded Carvana stock to Underweight from Neutral after the used-car retailer's recent sharp rally.
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Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve's streak of interest rate hikes. The government's producer price index — which measures inflation before it reaches consumers — rose just 0.1% last month from June 2022, the smallest such increase since August 2020. The index that the Labor Department issued Thursday reflects prices charged by manufacturers, farmers and wholesalers.
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Subject to regulatory approval, the acquisition is expected to close in the fourth quarter of this year.
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Wednesday's softer-than-expected inflation data may prove the death knell for the strong U.S. dollar.
The dollar fell sharply across the board Wednesday, with the WSJ Dollar Index declining 1%. Its weakness continued Thursday, sending the euro to $1.12 and the British pound to $1.31.
Investors hav
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I have $800,000 sitting in a money market account because I don't know what else to do with it. My hope was that I could put it in something that can yield around 4-5% growth. I also have $900,000 in my 401(k) that is sitting in minimal-risk accounts with Vanguard. I will be turning 62 […] The post Ask an Advisor: I’m 61 With $900k in My 401(k) and $800K Sitting in a Money Market Account. How Should I Invest? appeared first on SmartReads CMS - SmartAsset.
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Mortgage defaults have surged at their fastest rate since 2009 as rapidly rising interest rates push more people into financial difficulty.
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Delta Air Lines on Thursday lifted its full-year profit outlook after its second-quarter earnings topped Wall Street estimates on a relentless post-pandemic travel boom. In an interview, CEO Ed Bastian said while bookings are expected to follow a seasonal pattern after the Labor Day holiday in September when kids returns to school, overall demand remains "quite strong." "You're going to see continued strong international growth everywhere," he said.
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Family office advisors share intel about where they're putting money to work now.
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(Bloomberg) -- China’s exports fell for a second straight month in June, adding to the economic pain that has slowed the nation’s recovery this year.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsExports declined 12
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(Bloomberg) -- Russia is finally cutting crude exports, at the most advantageous moment possible. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolShopify Shames Employees With Cost Calculator for Pointless MeetingsMoscow has pledged to curb shipments to global markets by 500,000 ba
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(Bloomberg) -- CityPoint, a 36-story office building in London’s financial district, became one of the symbols of the financial crisis when a Beacon Capital Partners Inc. fund missed a payment on loans secured by the property just over a decade ago.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarNATO Is Papering Over the Cracks After Zelens
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Foreign direct investment in China fell to $20 billion in the first quarter from $100 billion a year earlier, hurting an already struggling economy.
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Recursion has a library of 3 trillion searchable genes that will serve as the foundation for the company's AI-powered drug discovery program.
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(Bloomberg) -- One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolShopify Shames Employees With Cost Calculat
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Hark back to the start of the year and few saw the markets recovering to the extent they have, particularly after 2022’s overall performance was the worst seen since 2008. But here we are more than six months later and the S&P 500 and particularly the tech-loaded NASDAQ have completely exceeded expectations, with the surge built on investors’ appetite for everything AI. But not all stocks have been riding the AI gravy train. Some have been excluded from the rally and have retreated during the ye
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Russia's current-account surplus tanked 93% to $5.4 billion last quarter from the year-earlier period, Bank of Russia data show, dealing a fresh blow to the beleaguered economy.
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More and more alternative lenders have emerged for business owners. But beware: Some offer better terms than others.
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The International Energy Agency cut its 2023 oil demand outlook for the first time this year because of the weakening global economy.
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The Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, questioning the app's accuracy and consumer protections.
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Better-than-expected inflation data prompted investors to send the Dow Jones higher for the fourth day in a row.
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As Disney (DIS) pursues a new strategic partner for ESPN and considers selling its majority stake in the network, there are many companies it could consider for a partnership.
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The acquisition of the carbon capture business gives Exxon's energy transition plans a boost.
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A Beacon score is an early FICO credit scoring model that is still in use today but now known simply as a FICO score.
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A co-branded credit card is sponsored by two parties: typically, a retailer and a bank or card network like Visa or Mastercard and usually bears the logos of both.
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The Fair and Accurate Credit Transactions Act (FACTA) is a 2003 U.S. law aimed at enhancing consumer protections against identity theft.
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Credit card encryption is a security measure used to thwart thefts of credit card information, such as account numbers.
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New York and London are frequently listed as the world’s most important financial hubs. See how the two global financial capitals stack up.
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A 'boiler room operation' uses high-pressure sales tactics and misleading information to entice investors to buy risky stocks.
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Consumer prices are cooling, making the Fed's moves after July's meeting less clear.
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For U.S. workers, the cooling job market means that switching jobs doesn’t pay off as much as it did last year.
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The FDA gave its approval to the first-ever over-the-counter birth control pill in the country.
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Hybrid work schedules could lead to an $800 billion drop in commercial real estate values by 2030, according to a study by McKinsey.
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A judge in the SEC's case against Ripple has ruled the sales of XRP to institutional customers were unregistered securities offerings, even though the token itself may not meet the test for a security.
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Amazon's latest Prime Day brought in $12.7 billion in 48 hours, according to estimates by Adobe Analytics.
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PepsiCo exceeded earnings and revenue estimates, and raised its full-year guidance as consumer habits shifted.
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U.S. equities rose at midday on Thursday, July 13, 2023, after a second report this week showing inflation easing.
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Comprehensive income is the change in a company's net assets from non-owner sources.
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Delta Air Lines posted its best quarterly profit and sales ever, and raised its guidance, as air travel demand continued to climb following the pandemic slump.
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A bank GIRO transfer is commonly used in Europe and is an electronic payment option where banks directly move money from one account to another.
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Similar to the mortgage-backed securities that led to the 2008 recession, student loan asset-backed securities might cause the next financial crisis.
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Considering the acquisition anti-competitive, FTC filed an appeal to block the $68.7 billion Microsoft-Activision deal that was allowed by a U.S. District Court.
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The former CEO of bankrupt crypto lender Celsius, Alex Mashinsky, has been arrested as the company faces lawsuits from financial regulators such as the SEC, CFTC, and FTC.
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The Producer Price Index for final demand, a measure of wholesale prices, rose less than expected, showing relief from pressures that have pushed the cost of living upwards in recent years.
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Disney’s (DIS) Bob Iger will remain in his position as CEO until 2026, extending a contract that was set to expire at the end of next year.
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The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.
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Learn the key differences between Tier 1 and Tier 2 pensions, including benefit calculation, risk, flexibility, and responsibility.
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The producer price index is a monthly measure of change in the prices received by domestic producers.
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Users can now also 'listen' to responses from Google's Bard chatbot and share those with their contacts. You can even choose the tone the chatbot talks to you in.
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While borrowers typically need a credit score of at least 640 to qualify for the best personal loans, there are other options. It's possible to get a personal loan with poor credit, but you need to be aware of the consequences.
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Seeking to strengthen liquidity, the SEC approved sweeping reforms to rules governing money market funds. The changes do not include an initial proposal heavily opposed by asset managers.
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Even as rents break records, the rental market has yet to hit its typical summertime peak.
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The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.
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Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
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Buying a car is a big purchase, especially if you have to borrow to make it happen. These tips will make sure you get the loan that's right for you.
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VanMoof-concurrent Cowboy heeft een app uitgebracht waarin mensen met een VanMoof hun digitale fietssleutel kunnen opslaan. Op die manier kunnen ze hun fiets op slot blijven zetten en van het slot halen, mochten de servers van VanMoof eventueel offline gaan.
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Een groep Amsterdamse bijstandsgezinnen krijgt vanaf volgend jaar 150 euro per maand extra. Tilburg en Zaanstad kondigden eerder al aan mee te doen aan het experiment, dat uitgaat van een "positief mensbeeld", schrijft de gemeente Amsterdam.
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De Britse regering is akkoord gegaan met de aanbevelingen voor loonsverhogingen in de publieke sector. Onder anderen politieagenten, leraren en artsen kunnen een loonsverhoging verwachten van tussen de 5 en 7 procent.
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De hippe stadsfietsenmaker VanMoof kreeg woensdag uitstel van betaling van de rechter. Dat kan een voorbode van een faillissement zijn, en dat zou dan weer grote gevolgen hebben voor VanMoof-fietsers. Was jouw fiets net voor reparatie weggebracht? Heb je je bestelling van meer dan 3.000 euro niet ontvangen, of kun je niet naar je werk omdat je fiets stuk is en repareren niet kan nu? Dan zijn we op zoek naar jou!
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De Europese Unie heft handelsbeperkingen op voor de import van Japanse producten. Er is geen gevaar meer vanwege de ramp met de kerncentrale in Fukushima. Onder meer vis, paddenstoelen en bamboescheuten uit tien Japanse regio's mogen de EU weer in.
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Het demissionaire kabinet wil dat de verhoging van huren in de vrije sector ook de komende jaren wordt beperkt. Dat moet huurhuizen betaalbaar houden, zegt demissionair minister Hugo de Jonge (Volkshuisvesting).
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Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug?
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Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug?
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Het demissionaire kabinet wil dat de verhoging van huren in de vrije sector ook de komende jaren wordt beperkt. Dat moet huurhuizen betaalbaar houden, zegt demissionair minister Hugo de Jonge (Volkshuisvesting).
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De prijs van olie is de laatste dagen weer flink gestegen. Een vat Noordzeeolie kostte donderdagochtend voor het eerst in twee maanden meer dan 80 dollar (71,70 euro). Ook Amerikaanse olie steeg tot bijna 76 dollar, het hoogste punt sinds begin mei.
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De Russische schatkist heeft de olieopbrengsten in juni zien zakken naar 11,8 miljard dollar (10,6 miljard euro). Dat was 1,5 miljard dollar minder dan de maand ervoor en nog maar iets meer dan de helft van een jaar geleden.
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De winsten van ondernemers zijn vorig jaar amper toegenomen. Gemiddeld steeg de winst van kleine en middelgrote bedrijven met 1,5 procent. Dat is de kleinste toename in zeker tien jaar. Belangrijke oorzaak zijn de gestegen personeelskosten.
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Fiscaal adviseur Frank B. is opnieuw aangehouden in Italië om uitgeleverd te worden aan de Verenigde Staten. De Amerikaanse autoriteiten verdenken de adviseur van onder anderen Afrojack ervan dat hij BN'ers heeft geholpen met het ontduiken van belasting.
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De gemiddelde WOZ-waarde van een huis bedroeg aan het begin van dit jaar 369.000 euro. Dat is 16,4 procent meer dan een jaar eerder en de hoogste waarde ooit.
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Googles ChatGPT-concurrent Bard is vanaf nu beschikbaar in Nederland én in de Nederlandse taal. De chatbot kan onder meer vragen beantwoorden en e-mails schrijven.
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De prijs van olie is de laatste dagen weer flink gestegen. Een vat Noordzeeolie kostte donderdagochtend voor het eerst in twee maanden meer dan 80 euro. Ook Amerikaanse olie steeg tot bijna 76 euro, het hoogste punt sinds begin mei.
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Gezinnen die kampen met een krappe beurs kloppen steeds vaker aan bij fondsen voor steun, blijkt uit een rondgang van NU.nl langs hulporganisaties. Voor het tweede jaar op rij vragen meer ouders om een vergoeding voor bijvoorbeeld schoolspullen of zwemles.
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An unexpected event occurred during reflector deployment, the company said, adding that it had started a review. Viasat in May acquired British satellite rival Inmarsat for $7.3 billion, and the merged entity has at least 19 satellites in space. Other Viasat and Inmarsat satellites were not affected, according to Viasat.
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min )
Berkshire Hathaway Energy recently added to its empire with the purchase of a stake in a large liquefied natural-gas business.
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(Bloomberg) -- A 14-month low in the US dollar rippled through global currency markets as traders consider the impact of cooling US inflation on the Federal Reserve’s most-aggressive tightening cycle in a generation.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsShopify Shames
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min )
A Cowen analyst sees a multibillion-dollar opportunity for AMD's new AI chips by 2025.
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The company wants to do more business with high-net-worth and ultrahigh-net-worth investors, who represent more than two-thirds of Schwab’s total retail client assets.
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(Bloomberg) -- Money-market funds are getting their biggest rules overhaul in years after Wall Street’s top regulator finalized a plan to stem rapid outflows during times of financial stress.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsSaudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitUS Inflation Hits Two-Year Low, Giving Hope for End to Fed Hikes‘Pivotal’ US CPI Report to Show Lowest C
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Billionaire investor Ray Dalio warned of a US debt crisis after Congress passed a deal that would lift the borrowing limit. His prediction may already be coming true.
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Nvidia shares rose following reports that it's in talks with Britain's Arm about a U.S. IPO.
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NASA has some sweet new all-electric rides thanks to an EV start-up. They aren't Tesla vehicles.
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(Bloomberg) -- The latest sign of investors’ unrelenting demand for all things artificial intelligence related: a record rally in drug discovery firm Recursion Pharmaceuticals Inc. following an investment from Nvidia Corp.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy Funds‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021Saudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitPoisoned
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2023 turned out to be a terrific year for stocks, as the stock market did shockingly well in an environment of rising interest rates. The S&P 500 and the NASDAQ indexes have both posted solid gains, of 17% and 33%, respectively. While stocks are surging towards their highest levels, it doesn’t mean investors have lost their chance to hop on the bandwagon. According to banking giant Deutsche Bank, there’s still plenty of room for them to get in on the action. Against this background, let’s take a
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BofA analyst Tal Liani downgraded shares of networking giant Cisco to Neutral from Buy, but kept a $56 price target.
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(Bloomberg) -- Federal Reserve officials appear poised to resume interest-rate hikes this month after data showed inflation cooled sharply in June but remains above the central bank’s target.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy Funds‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortSaudi Arabia’s PIF Wealth
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↗️ Domino’s Pizza (DPZ): The pizza chain's shares leaped 9.6% in early after trading after
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Everyone loves seeing growth in their portfolio. However, a good year of investing doesn't necessarily indicate a sound long-term investment strategy. Generating sufficient retirement income means planning ahead of time but being able to adapt to evolving circumstances. As a … Continue reading → The post What Is a Realistic Rate of Return for Retirement? appeared first on SmartAsset Blog.
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If you were ever to become disabled or suffer a chronic illness or age-related debility that requires you to pay for help feeding and dressing yourself or similar assistance for an extended period, long-term care insurance could be a valuable … Continue reading → The post When to Buy Long-Term Care Insurance appeared first on SmartAsset Blog.
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AI mania has found its way into biotech stocks.
Recursion Pharmaceuticals shares have jumped some 80% as of early Wednesday morning. The biotech company [said that Nvidia is investing $50 million](https://ir.recursion.com/news-releases/news-release-details/recursion-announces-collaboration-and-50-m
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Domino’s Pizza shareholders are eating up the pizza chain’s new deal with Uber.
Shares of Dominos were up nearly 11% in early trading [after the company announced it has inked a deal with the rideshare giant](https://www.wsj.com/articles/dominos-pizza-strikes-deal-with-uber-in-search-for-new-sales-
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Recursion Pharmaceuticals stock has gained more than 150%.
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U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The Consumer Price Index gained 0.2% last month after edging up 0.1% in May, the Labor Department said on Wednesday. The CPI was lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles.
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Underlying inflation, whose persistence has been particularly worrying to Fed policymakers, eased more than expected to 4.8%. The contract pricing still shows traders overwhelmingly expect the policy rate to rise a quarter point, to a 5.25%-5.5% range, at the Fed's July 25-26 meeting, but now see about a 25% chance of another rate hike before year's end, down from about 35% before the report.
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U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The CPI gained 0.2% last month after edging up 0.1% in May, the Labor Department said on Wednesday. The CPI was lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles.
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(Bloomberg) -- Broadcom Inc. is moving closer to selling a potential jumbo investment-grade bond after scoring approval from the European Union’s merger officials for its $61 billion acquisition of VMWare Inc. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightShort Sell
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Between clearance from the European Union for Broadcom to buy VMware and the FTC losing its case against Microsoft-Activision, there may be new momentum for tech deals.
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"Once a weakening in the economy kicks in, it could come fast."
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Three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over the course of at least two years, a group of congressional Democrats reported on Wednesday. The Democrats' report urges federal agencies to investigate and potentially go to court over the wealth of information that H&R Block, TaxAct and TaxSlayer shared with the social media giant.
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WASHINGTON (Reuters) -A year after U.S. inflation peaked and touched off an aggressive turn in monetary policy, Federal Reserve officials may be opening a more encouraging chapter in their policy discussion with the first of what analysts expect to be a run of data showing key price measures in steady decline. The U.S. Labor Department on Wednesday reported the consumer price index rose at an annual rate of 3% in June, below economists' expectations in a Reuters poll and the lowest reading since March 2021.
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(Bloomberg) -- Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with Nvidia Corp. to join a group of potential investors to anchor its initial public offering, according to the Financial Times.Most Read from BloombergDeSantis Says No Thanks to $377 Million in Federal Energy FundsSingapore Puts Transport Minister on Leave Amid Graft ProbePoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMicro
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The U.K. semiconductor company was bought by Japan's SoftBank in 2016.
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A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said.
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Cathie Wood's ARK Innovation ETF sold shares of Coinbase, according to a disclosure Tuesday, as the cryptocurrency exchange rose nearly 10% on its possible role in a Bitcoin ETF.
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The CEO says it’s a matter of if, not when, the financial services company becomes a top 10 financial institution in the country.
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ARK currently owns 11.03 million shares of Coinbase.
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“Covered calls” can turn even the most volatile stocks into income generators.
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(Bloomberg) -- Cathie Wood’s Ark Investment Management LLC pared its holding of Coinbase Global Inc. for the first time in almost a year on Tuesday.Most Read from BloombergDeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMicrosoft Cleared to Buy Activision in US as UK Pauses FightMeme Stocks Are Back, Raising a ‘Red Flag’ for the Broader MarketWood’s
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China's Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling a comeback after a U.S. ban on equipment sales decimated its consumer electronics business. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients.
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(Bloomberg) -- Taiwan’s exports of integrated circuit chips dropped for a sixth consecutive month in June on slowing global demand.Most Read from BloombergPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMicrosoft Cleared to Buy Activision in US as UK Pauses FightDeSantis Says No Thanks to $377 Million in Federal Energy FundsShort Seller Andrew Left Is Living in Fear of the FedsExports decreased 20.8% from a year
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The S&P 500 has experienced its second-best start to a year in the past 25 years, fueling a sense of optimism among investors. However, this achievement has not been the main story of the year. In fact, the bellwether index’s year-to-date gains of 16% have been completely overshadowed by the tech sector’s domination. With AI hype driving the surge, it has become the best-performing sector in 2023, up by 31.5%. That is a significant amount and actually represents the finest opening half of a year
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Learn about the par value and face value of securities, as well as what these synonymous terms say about the value and purchase price of stocks and bonds.
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Domino’s Pizza was the best-performing stock in the S&P 500 on Wednesday after the pizza chain signed a deal with Uber that would allow customers to order Domino’s on Uber Eats and Postmates apps.
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The Dow Jones Industrial Average continued its winning week, rising 0.3% or 96 points, Wednesday after data showed inflation continuing to cool.
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Accumulated Income Payments are funds withdrawn from a Canadian Registered Education Savings Plan if the RESP's beneficiary does not attend college.
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Beta, a measure of a stock's volatility in relation to the overall market, is one of the most popular indicators of risk.
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Lucid's Q2 deliveries figure missed analyst estimates, and the EV maker's stock price dropped nearly 12% on Wednesday following the news.
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From 1958-2017, Perkins loans provided low-interest loans to undergraduate and graduate students with exceptional financial needs.
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Global public debt hit a record $92 trillion in 2022, a UN report found, with 52 countries in what the organization called serious debt trouble.
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Cash management accounts are meant for saving and earning interest, while brokerage accounts let you invest the funds.
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Learn about Procter & Gamble's major competitors in each of its revenue segments, including fabric care, home care, hair, and personal care.
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min )
Fintech company Wealthfront launched an automated portfolio which aims to offer higher rates than simply investing in traditional bonds.
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A collective defined contribution (CDC) plan is a pooled risk (or target pension) plan where both the employer and employee contribute, available in the UK.
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JBS Foods, the world’s biggest meatpacking company based in Brazil, is pursuing an IPO in the United States, planning to list its shares on the NYSE by the end of 2023.
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A basis point is a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument.
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Corporate earnings reports for the recently completed second quarter may remain short on clues about a much-anticipated U.S. recession that has yet to materialize.
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After surging last Thursday, rates on 30-year mortgages have dropped for three consecutive days, lowering the average more than a quarter point below last Thursday's peak.
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
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U.S. equities took off at midday on Wednesday, July 12, 2023, after a report showing consumer inflation rose less than expected in June.
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Nvidia shares rose following reports that it's in talks with Britain's Arm about a U.S. IPO.
( 16
min )
Tax preparation firms like H&R Block have spent years sharing taxpayers' sensitive personal information with big tech companies including Google parent Alphabet and Meta Platforms.
( 18
min )
Shares of Broadcom hit an all-time high after European regulators approved Broadcom's $61 billion acquisition of VMWare.
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min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
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Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.
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Cathie Wood's ARK has sold 12 million worth of shares of crypto exchange Coinbase after aggressively buying over the last year.
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min )
Amazon is projected to bring in $8 billion through its Prime Day sales. Its competitors are expected to bring in $5.5 billion combined.
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From lenders to buyers to hedge funds, when it comes to the subprime mortgage crisis, everyone had blood on their hands.
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Quants use computer algorithms based on mathematical models to identify profitable trading opportunities. Learn how much quants make and what they do.
( 24
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Prices for everyday products and services were 3% higher in June than they were in the same month in 2022 as measured by the Consumer Price Index (CPI), a drop from May’s annual inflation rate of 4.1% and the lowest since March 2021.
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If you have life insurance, there are a couple of ways it potentially can help you buy a house. Find out how they compare.
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Demand for minerals such as lithium, cobalt, and nickel rises as countries transition towards clean energy but lack of diversity in supply raises concerns, according to the International Energy Agency.
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Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).
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Learn about stock listing requirements and what happens to your shares when a company's stock is delisted from a major exchange like Nasdaq or NYSE.
( 22
min )
The European Commission fined biotech firm Illumina 432 million euros ($476 million) for closing its acquisition of Grail without the commission's approval, in the Commission's largest merger regulation fine yet.
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Jobless claims are a statistic reported weekly by the U.S. Department of Labor that counts people filing to receive unemployment insurance benefits.
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Learn if investing your entire portfolio in stocks is a sound decision. Get information about important considerations.
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Americans have less non-mortgage debt than any time since 2019, a poll shows, but not everyone is benefitting.
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The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.
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The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
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The Nasdaq 100 Index will undergo a “Special Rebalance” prior to the market open on Monday, July 24, 2023.
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The labor force participation rate is a measurement of an economy’s active workforce.
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Fiscaal adviseur Frank B. is opnieuw aangehouden in Italië om uitgeleverd te worden aan de Verenigde Staten. De Amerikaanse autoriteiten verdenken de adviseur van onder anderen Linda de Mol en Afrojack ervan dat hij BN'ers heeft geholpen met het ontduiken van belasting.
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Het woningtekort is groter dan ooit, en het lijkt er niet op dat daar op korte termijn verandering in komt. Een grote groep mensen valt daardoor buiten de boot. Dit zijn hun verhalen.
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Fiscaal adviseur Frank B. is opnieuw aangehouden in Italië om uitgeleverd te worden aan de Verenigde Staten. De Amerikaanse autoriteiten verdenken de adviseur van onder anderen Linda de Mol en Afrojack ervan dat hij BN'ers heeft geholpen met het ontduiken van belasting.
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De in problemen verkerende fietsenproducent VanMoof heeft uitstel van betaling gekregen van de rechtbank in Amsterdam. Dat meldt het bedrijf woensdag na berichtgeving door NRC.
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De in problemen verkerende fietsenproducent VanMoof heeft uitstel van betaling gekregen van de rechtbank in Amsterdam. Dat meldt het bedrijf woensdag na berichtgeving door NRC.
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Het Europees Parlement heeft vandaag ingestemd met de natuurherstelwet. Het wetsvoorstel van Eurocommissaris Frans Timmermans bleef lang hangen op een evenwicht tussen voor- en tegenstanders. Uiteindelijk ging een meerderheid toch akkoord met een afgezwakt voorstel.
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De in problemen verkerende fietsenfabrikant VanMoof heeft zijn winkel in het Amsterdamse stadsdeel Oost gesloten. Daardoor stond woensdagmiddag een groepje klanten voor een gesloten deur. Wie zijn fiets wilde ophalen, had pech.
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Door de rem op nieuwe verpleeghuisplekken stokt de doorstroom van woningen. De woningmarkt moet tot en met 2031 rekening houden met 27.000 extra ouderen die anders naar een verpleeghuis waren verhuisd, berekende AFB Research. Is dat nou wel zo handig?
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De Chinese techondernemer Jack Ma verloor na een kritische speech drie jaar geleden de helft van zijn vermogen van 61 miljard dollar (55 miljard euro). De toen rijkste Aziaat had kritiek op het Chinese regeringsbeleid en dat kwam hem duur te staan.
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De Chinese techondernemer Jack Ma verloor na een kritische speech drie jaar geleden de helft van zijn vermogen van 61 miljard dollar (55 miljard euro). De toen rijkste Aziaat had kritiek op het Chinese regeringsbeleid en dat kwam hem duur te staan.
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De handelsprijs voor gas is woensdag gezakt naar het laagste punt sinds 8 juni. Voor een megawattuur betaalden handelaren donderdagochtend iets meer dan 28 euro. Dit komt volgens experts vooral doordat een groot Noors gasveld weer volledig in gebruik komt.
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Je kunt natuurlijk je buren vragen om tijdens je vakantie je planten water te geven en op je huis te passen. Maar tegenwoordig zijn er ook een hoop producten op de markt waarmee je vanaf je vakantieadres een oogje in het zeil kunt houden.
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Je kunt natuurlijk je buren vragen om tijdens je vakantie je planten water te geven en op je huis te passen. Maar tegenwoordig zijn er ook een hoop producten op de markt waarmee je vanaf je vakantieadres een oogje in het zeil kunt houden.
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Er is een steeds groter tekort aan woningen, stelt onderzoeksbureau ABF Research. De bouw van nieuwe woningen kan de bevolkingsgroei niet bijbenen. Dat komt vooral door de grotere instroom van migranten, maar ook doordat ouderen niet kunnen doorschuiven naar een andere woning.
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De val van het kabinet-Rutte IV betekent mogelijk vertraging voor tal van klimaatmaatregelen. Experts waarschuwen dat het demissionaire kabinet en de Tweede Kamer moeten blijven doorpakken om de klimaatdoelen voor 2030 te halen.
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Zelfstandig ondernemers houden er iets meer rekening mee dat ze arbeidsongeschikt kunnen raken. Zo'n 65 procent van alle zzp'ers had zich hier aan het begin van het jaar tegen verzekerd.
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Het aantal faillissementen is in juni voor de derde maand op rij toegenomen. Vooral in de handel gingen er bedrijven op de fles.
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De val van het kabinet-Rutte IV betekent mogelijk vertraging voor tal van klimaatmaatregelen. Experts waarschuwen dat het demissionaire kabinet en de Tweede Kamer moeten blijven doorpakken om de klimaatdoelen voor 2030 te halen.
( 8
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De val van het kabinet-Rutte IV betekent mogelijk vertraging voor tal van klimaatmaatregelen. Experts waarschuwen dat het demissionaire kabinet en de Tweede Kamer moeten blijven doorpakken om de klimaatdoelen voor 2030 te halen.
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American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
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Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
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Unemployment is the term for when a person who is actively seeking a job is unable to find work.
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Roku shares skyrocketed 11% on Tuesday after the TV streaming platform said it would enable viewers to seamlessly buy products from Shopify merchants directly from their streaming device.
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Aggregate product liability limit is the maximum amount of money an insurance company will pay when a product's liability insurance coverage is in effect.
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The Nasdaq 100 Index will undergo a “Special Rebalance” prior to the market open on Monday, June 24, 2023.
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min )
Tesla Inc. agreed Tuesday to pay $6 million to settle a lawsuit over its energy division's solar roof.
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min )
Optimism among small business owners jumped last month to the highest level since November, although rising prices and staffing issues continued to weigh on sentiment.
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min )
The Dow Jones led all indexes by moving higher by nearly 1%, as investors anticipate tomorrow’s key inflation data.
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When an investor increases a position in an asset heading in the opposite direction than what the investor desires it is called adding to a loser.
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Shutterstock shares jumped 9% on Tuesday after the provider of stock images and other media announced it was expanding its agreement with artificial intelligence research lab OpenAI.
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min )
A foreclosure filing is a lawsuit that lenders file to repossess a mortgaged home.
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A federal judge helped pave the way for Microsoft to complete its $68.7 billion acquisition of Activision Blizzard.
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If you want to score a top nationwide CD rate, it's critical you expand our search beyond just banks. That's because credit unions are often the national rate leaders.
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Market weight and equal weight S&P 500 ETFs include the same set of stocks but use different weighting strategies, which can produce quite different results.
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About 40% of U.S. retail investors are now open to using or are already using artificial intelligence tools to guide their investments, according to a new survey by eToro.
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Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
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E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
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The Dow and the Nasdaq are two investable indexes, although only one is an actual exchange.
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Learn the advantages and disadvantages of methods available to investors with the objective of making a bearish bet on the S&P 500 Index.
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min )
An OECD report found wages aren't keeping pace with inflation in most countries studied and warned 27% of jobs could be at risk because of AI.
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min )
U.S. equities were up at midday on July 11, 2023, adding to Monday's gains ahead of data on inflation and earnings reports.
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Amazon has challenged the EU's upcoming laws on policing online hate speech and disinformation under the bloc's Digital Services Act (DSA), becoming the first U.S. company to do so.
( 17
min )
A Consumer Financial Protection Bureau (CFPB) investigation found transgressions that impacted both Bank of America’s banking customers as well as credit card holders.
( 18
min )
One of America’s biggest operators of hospitals and healthcare facilities was affected by a data breach, which may have compromised the personal data of millions of patients.
( 17
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Learn about the most effective hedging strategies available to protect a portfolio during steep corrections and long-term bear markets.
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min )
Advancing financial literacy is a cornerstone of financial advisory. These 10 financial advisors have excelled at providing essential financial literacy resources to their communities.
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min )
A mini-sized Dow is a type of option for which the underlying assets are the E-Mini Dow futures. E-mini-Dow futures are worth $5 multiplied by the DJIA.
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5 top financial advisors give advice to early investors and young people who are starting to invest or begin investment careers.
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There are hundreds of financial advice books. These are 10 books top financial advisors recommend for retail investors and budgeting beginners.
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min )
After surging last week, 30-year mortgage rates have eased lower for a second day. But the average is still elevated, moving in the upper-mid 7% range.
( 19
min )
Nasdaq is a global electronic marketplace for buying and selling securities on a computerized, speedy, and transparent system.
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min )
Tech giant Apple (AAPL) launched an online store on Tencent’s WeChat messaging app in China on Tuesday, the latest step in an effort to increase retail sales market share in the country.
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min )
WD-40 shares rose more than 10% in early trading as the company reported a double-digit jump in sales in its third quarter earnings after two consecutive quarters of little or no growth.
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The 2023 Investopedia 100 celebrates financial advisors who are making significant contributions to conversations about financial literacy, investing strategies, and wealth management.
Coming into Tuesday trading, Rivian shares were up for nine consecutive days. That was a record for the company.
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Farmers Insurance became the latest property insurance company to pull out of Florida on Tuesday despite repeated efforts by Republican Gov. Ron DeSantis and the Legislature have made to try to calm the volatile market that is making homeownership less affordable. Farmers informed the state that it is discontinuing new coverage of auto, home and umbrella policies. It said there will be no effect on 70% of current policies in Florida.
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The underlying reason for Tuesday's run-up might be the massive bets investors have placed against the stock.
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One of the best things about buying real estate investment trusts (REITs) is that with the right stock, an investor can gain appreciation and procure a solid monthly or quarterly dividend for additional income. But because not all REITs will deliver solid appreciation and dividend growth, it's important to look at a REIT's five-year history to help assess possible future returns. Take a look at one popular REIT over the past five years and what it's generating in dividends today compared with Ju
( 8
min )
Oaktree Capital Management founder Marks wrote a lengthy note on how he takes the market's "temperature" to decide where to invest next.
( 12
min )
Jamie Dimon, a remote work "skeptic," has some choice words for managers.
( 8
min )
(Bloomberg) -- Whatever theories are being proffered as to why index overseers chose to cap the influence of technology megacaps in the Nasdaq 100, the real reason is a simple one. Most Read from BloombergDeSantis Says No Thanks to $377 Million in Federal Energy FundsSingapore Minister Faces Most Serious Graft Probe Since 1986Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightTurkey Agrees to Back Sweden’s NATO Bid
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min )
Plans for Tesla’s secret “Project 42” called for an unusual-looking glass structure in the Austin, Texas, area.
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Aerospace giant Boeing reported strong second-quarter jet deliveries. A larger number of orders meant that the backlog grew—that's good for sales and earnings.
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Starbucks, Mondelez, and Booking are among the possible outperformers from the index’s weighting changes, according to Wells Fargo.
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The significance of amassing your first $100,000 cannot be underestimated when it comes to building long-term wealth. As Charlie Munger, esteemed investor and vice chairman of Berkshire Hathaway Inc., aptly stated during a shareholder meeting in the late 1990s, "The first $100,000 is a b***h, but you gotta do it. I don't care what you have to do – if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000." Munger's advice
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min )
The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers' dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data. Rising inventories and price-cutting could represent only a short-term pause in EV market growth. Automakers North America have billions of dollars in EV-related investments riding on how the next several quarters play out.
( 9
min )
(Bloomberg) -- Investors are fascinated with meme stocks again as they hunt through lower-quality names searching for returns. And in the process they’re raising a “red flag” for the S&P 500 Index.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesErdogan Just Doomed Turkey's EU MembershipPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortPowell Haunted by Repo Cri
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min )
Think quiet quitting would make the job you hate, more bearable? Think again.
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min )
The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August.
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Shares of Coinbase jumped as much as 16% Tuesday after the crypto exchange reached an agreement with Cboe’s BZX Exchange to maintain a surveillance-sharing agreement for five of its spot bitcoin exchange-traded fund (ETF) applications.
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A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Microsoft appeared to have the upper hand in a 5-day San Francisco court hearing that ended late last month. The proceeding showcased testimony by Microsoft Chief Executive Officer Satya Nadella and longtime Activision Blizzard CEO Bobby Kotick, who both pledged to keep Activision’s blockbuster game Call of Duty available to people who play it on consoles — particularly Sony's PlayStation — that compete with Microsoft’s Xbox.
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ARK Innovation was rising for its third consecutive day on Tuesday.
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On Monday, Digital World Acquisition Corp (NASDAQ: DWAC) announced that Eric Swider, the interim CEO and a member of DWAC's board, has been appointed as the permanent CEO, effective July 6, 2023. Swider has been serving as the interim CEO since March 19, 2023. Recently, the company reached an $18 million settlement with the SEC to end the ongoing investigation into its planned merger with former President Donald Trump's Trump Media & Technology Group, which is behind the Truth Social app. Elon M
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When searching for risk/reward plays, look no further than penny stocks. These names trading for under $5 per share are considered to be some of the most controversial on the Street, and divide market watchers into two factions: critics and fans. The former brings a valid argument to the table. Stocks don’t just end up trading at such low levels; typically, there’s a very real reason for their bargain price tags. This can be weak fundamentals or headwinds that are too strong to overcome. As for
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(Bloomberg) -- Schwab Asset Management is seeking to draw investors to its high-yield bond exchange-traded fund with one of the lowest fees in the industry, even as rising rates and default fears rattle the asset class.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesErdogan Just Doomed Turkey's EU MembershipPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagne
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JPMorgan upgraded, JetBlue downgraded: Wall Street's top analyst calls
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A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.
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Jeffery Hildebrand has made billions buying castoff wells from big companies under ESG pressure.
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Labeled a "dumb kid" by her teachers during her childhood, investor and TV personality Barbara Corcoran has defied all odds and emerged as a prominent figure in the realms of real estate, authorship, entrepreneurship, investment and television. Her most recognizable role comes as one of the pioneering investors on the popular ABC show "Shark Tank." During an interview on "The Daniel Mac Show" podcast in June, Corcoran was asked about her most profitable investment from her 14-year run on "Shark
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Markets are betting that the Federal Reserve will have to raise interest rates again to tame inflation---yet bond traders and stock traders are seeing the fallout quite differently.
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Amazon Prime shopping days are here, and everyone loves good deals, Barron's looked for some in the stock market, and found 15 stocks primed to go higher.
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Advance Auto Parts and others have cited a lack of skilled accounting personnel for material weaknesses in their financial-reporting controls, a key predictor of restatements.
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Proprietary data analyzed by KeyBanc suggest Apple faces a slowdown in hardware sales, but there may be bigger forces moving the stock price.
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(Bloomberg) -- The oil market is finally starting to flicker into life — and nowhere is that clearer than in the prices of crude like Saudi Arabia’s, where output cuts are quietly transforming the supply landscape.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceErdogan Just Doomed Turkey's EU MembershipMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagner’s P
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Pipeline operator Equitrans Midstream said on Tuesday it is evaluating all legal options after a federal appellate court halted construction for the Mountain Valley Pipeline project. The $6.6 billion Mountain Valley project is one of several U.S. oil and gas pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued by the Trump administration. "Unless this decision is promptly reversed, it would jeopardize Mountain Valley's ability to complete construction by year-end 2023," the company said in a statement.
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Amazon shares rise as Prime Day, the online retailer's shopping extravaganza, kicks off, Microsoft makes further job cuts, and WD-40's earnings and sales beat analysts' expectations.
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The company has emerged as the hardware victor during the early days of the artificial-intelligence revolution. Who else in the chip world can cash in, too?
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(Bloomberg) -- Investors in Chinese bank stocks are getting a painful reminder of who’s likely to bear the brunt of government efforts to shore up the embattled real estate sector and revive economic growth.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AlliancePowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaChina Sign
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If you like the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) then you’re going to love its 11.9%-yielding counterpart, the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ). What’s the difference between JEPI and JEPQ, and is JEPQ a strong choice for investors to build their portfolios around? Let’s find out. What’s the Difference Between JEPI and JEPQ? JEPI is JPMorgan’s well-known and much-discussed covered-call ETF that yields about 10.5% and pays a monthly dividend that has taken
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Bitcoin rose on Tuesday morning in Asia, after Standard Chartered predicted the token could reach US$120,000 by the end of 2024. Ether and most other top 10 tokens rose.
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Warren Buffett's conglomerate now owns 75% of the Cove Point liquefied natural gas facility.
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Nederlanders hebben afgelopen zomer vaker gekozen voor een buitenlandse reis dan voor een vakantie in eigen land. Dat was voor het eerst sinds de coronacrisis in 2020 begon. Ook vliegen we minder vaak en nemen we juist vaker de trein.
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Mensen die hun zegje willen doen over hoe de nieuwe eurobankbiljetten eruit gaan zien, kunnen dat weer. Eerder op de dag vloog de site van de Europese Centrale Bank (ECB) eruit vanwege de drukte. Die problemen zijn weer verholpen.
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Microsoft heeft na goedkeuring van de EU ook in de Verenigde Staten toestemming gekregen voor de overname van Activision Blizzard. Deze gamemaker is bekend van spellen als Call of Duty, World of Warcraft en Candy Crush.
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De wereldeconomie zal in de komende vijf jaar met ongeveer 3 procent per jaar groeien, verwacht het IMF. Dat is een stuk minder hard dan gemiddeld.
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Fietsenproducent VanMoof heeft de verkoop van nieuwe (elektrische) fietsen tijdelijk stilgelegd. Via de webwinkel kun je op dit moment geen fietsen meer bestellen. Volgens VanMoof is dat "om de productie en levering van bestaande bestellingen te kunnen inhalen".
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De wereldwijde vraag naar energie neemt richting 2045 met 23 procent toe, verwacht secretaris-generaal Haitham Al Ghais van oliekartel OPEC. Volgens hem is het daarom niet slim om te stoppen met investeringen in oliewinning.
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Fietsenproducent VanMoof heeft de verkoop van nieuwe (elektrische) fietsen tijdelijk stilgelegd. Via de webwinkel kun je op dit moment geen fietsen meer bestellen. Volgens VanMoof is dat 'om de productie en levering van bestaande bestellingen te kunnen inhalen'.
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De gevallen techmiljardair Elizabeth Holmes hoeft nog maar negen jaar vast te zitten. Dat is twee jaar minder dan de straf die ze eind vorig jaar kreeg voor het misleiden van investeerders en klanten.
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Nog twee weken voordat Midden-Nederland aftrapt met de bouwvak. Dan volgen de weken waarin veel bouwvakkers op vakantie gaan, al is dat allang niet meer verplicht. Hoe werkt dat precies?
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min )
De Nederlandse Arbeidsinspectie waarschuwt voor de veiligheid van boodschappenbezorgers. Zij moeten zware kratten van soms wel 20 kilo hoog uit vrachtwagens tillen. Ook gaat er vaak droogijs mee om het eten te koelen, wat voor brandwonden en verstikking kan zorgen.
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Grondstoffen die nodig zijn voor zonnepanelen, windmolens en elektrische auto's komen steeds vaker uit slechts een paar landen, waaronder China. Dit maakt andere landen kwetsbaar bij hun omslag naar schone energie, waarschuwt energieagentschap IEA.
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De Europese Unie en de Verenigde Staten hebben een nieuwe deal bereikt over het uitwisselen van data van Europeanen. Daarmee mogen bedrijven onze data weer opslaan op Amerikaanse servers.
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Wie met de auto naar de garage moet voor een onderhoudsbeurt, moet soms zomaar zes weken wachten op een plekje. Automonteurs laten zich vaker omscholen en laten een gat achter op de arbeidsmarkt.
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Grondstoffen die nodig zijn voor zonnepanelen, windmolens en elektrische auto's komen steeds vaker uit slechts een paar landen, waaronder China. Dit maakt andere landen kwetsbaar bij hun omslag naar schone energie, waarschuwt energieagentschap IEA.
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Mensen die willen meedenken over hoe de nieuwe eurobankbiljetten eruit gaan zien, moeten nog even geduld hebben. De Europese Centrale Bank wilde een enquête online zetten, maar wegens "grote belangstelling" kan niemand die nog invullen.
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Starters konden in het afgelopen half jaar meer huizen kopen dan in dezelfde periode vorig jaar. Dit kwam door lagere prijzen, hogere inkomens en ruimere leennormen. Toch blijft hun positie moeilijk, met name voor alleenstaanden.
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Het aantal gebruikers van het nieuwe sociale medium Threads is, bijna een week na de lancering, gestegen tot meer dan 100 miljoen. Dat heeft onderzoeksbureau Quiver Quantitative uitgerekend. Mark Zuckerberg, eigenaar van Threads en Facebook, heeft dat aantal inmiddels bevestigd.
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Nederlandse goederen en diensten waren vorige maand 5,7 procent duurder dan een jaar eerder. Het inflatiecijfer is iets lager dan in mei: toen steeg de inflatie nog naar 6,1 procent.
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Anyone involved in the investing game will know it’s all about ‘stock picking.’ Choosing the right stock to put your money behind is vital to ensure strong returns on an investment. Therefore, when the Wall Street pros consider a name to be a ‘Top Pick,’ investors should take note. Using the TipRanks platform, we’ve looked up details on two stocks that have recently gotten ‘Top Pick’ designation from some of the Street’s analysts. So, let’s dive into the details and find out what makes them so.
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Apple dropped 1.1%, leaving its market capitalization at $2.967 trillion. Alphabet and Amazon fell over 2%, while Microsoft and Tesla each slid more than 1%. Wall Street's most valuable stocks declined after Nasdaq said late on Friday it would carry out a "Special Rebalance" of the index to "address overconcentration in the index by redistributing the weights."
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Comedian Sarah Silverman and two others filed a pair of purported class-action lawsuits against OpenAI, parent of ChatGPT, and Meta Platforms.
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(Bloomberg) -- Berkshire Hathaway Energy agreed to buy Dominion Energy Inc.’s stake in a Maryland liquefied natural gas export project for $3.3 billion.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionThe d
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Rivian stock is up for a ninth consecutive trading session. The rally in the EV shares feels like short covering.
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Used car prices eased again in June. That has shares of used car dealers moving higher.
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In February, the company said there was 'substantial doubt' about its ability to continue operating through this year.
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Investors are selling the news when it comes to drug developments.
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Silicon Valley names have gotten the attention, but there are lots of other companies that are using the technology in their operations.
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The Houston area officially has a new largest publicly traded company.
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Nasdaq says it plans to rebalance the Nasdaq 100 stock index to adjust for the huge surge this year in megacap tech stock prices.
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KPMG U.K. CEO Jon Holt tells Fortune, “It’s important that as a business we support them as they begin their training and careers with us.”
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Rivian stock is up for a ninth consecutive trading session. The rally in the EV shares feels like short covering.
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Joe Biden’s race to embrace electric vehicles risks overwhelming US charging infrastructure and creating disastrous supply shortages, two of the world’s biggest carmakers have said.
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Used car prices eased again in June. That has shares of used car dealers moving higher.
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The Federal Reserve will likely need to raise interest rates further to bring down inflation that is still too high, but the end to its current monetary policy tightening cycle is getting close, several U.S. central bank officials said on Monday. The Fed has raised interest rates by 5 percentage points since March 2022 to bring down the highest U.S. inflation in four decades. Fed policymakers opted last month to forego a rate increase to give themselves time to assess the still-developing effects of the previous hikes in borrowing costs, even as most also penciled in at least two more increases by the end of 2023.
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The Wall Street firm's technology analysts reiterated an Overweight rating for Nvidia shares. The firm’s price target for the chip maker is still $500.
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Bud Light sales have been slipping, and the impact extends beyond the beer brand. Global glass producer Ardagh Group recently announced that it's shutting down two glass bottling plants — one in North Carolina and one in Louisiana. WRAL-TV reported that the closure of these two plants would result in roughly 645 employees being laid off. According to an internal memo obtained by WRAL, the decision was "due to slow sales with Anheuser InBev," the multinational brewing company behind Bud Light. In
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In February, the company said there was 'substantial doubt' about its ability to continue operating through this year.
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China is teetering on the brink of deflation as the world’s second largest economy continues to feel the impact of Beijing’s draconian zero Covid policies.
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Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn has announced its withdrawal from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, dealing a setback to chipmaking plans for India. The Apple Inc (NASDAQ: AAPL) supplier and Vedanta forged a deal in 2022 to establish semiconductor and display production plants in Prime Minister Modi's home state of Gujarat. Foxconn said it would not proceed with the joint venture with Vedanta, Reuters reports. Also Read: Apple Go
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5Rivian Automotive's shares (RIVN) rose over 5% in morning trading, pointing to another bumper day for the electric-vehicle maker's stock.
It has risen for the past eight trading sessions, gaining nearly 84% in that period and closing at the highest le
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Chet Kapoor believes paying to work for your role model is better value for those who are already spending thousands of dollars on a degree.
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Currently, the markets are experiencing a bullish trend. However, the conventional wisdom says that we’re looking at a recession, likely short and shallow, to play out during the second half of this year, with a chance of extending into 1Q24. Looking at the situation from RBC Capital, Lori Calvasina writes, “There are two ways it can go from here: Something could go wrong with those winning companies and pull the market down, or the market’s leadership could broaden out. One of those paths isn’t
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Agreements give troubled carrier more time to negotiate with International Brotherhood of Teamsters and streamline operations.
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American depositary receipts of Nanobiotix jumped over 50% in early trading on Monday after signing an agreement with J&J's Janssen Pharmaceutical to work on co-developing a drug to treat head and neck cancer tumors.
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(Bloomberg) -- Rivian Automotive Inc. is finally starting to realize the potential that investors saw in the electric-vehicle manufacturer back when it staged one of the largest initial public offerings ever.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitChin
( 10
min )
Foreign brands are losing market share to Chinese rivals, driven by local manufacturers’ lead in electric vehicles, as Beijing’s industrial policy begins to pay off.
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Carl Icahn and banks agreed to untie his personal loans from the trading price of Icahn Enterprises shares, the company confirmed Monday.
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While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.
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Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a … Continue reading → The post What Percentage of Your Income Should Safely Go to a Mortgage? appeared first on SmartAsset Blog.
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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How … Continue reading → The post How to Invest in EV Charging Stations appeared first on SmartAsset Blog.
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Bud Light, which held the top spot as the most-sold beer in 2022 and in the first four months of this year, has seen sales drop after a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Target, which has sold Pride-themed merchandise in June for years, was forced to remove some of it following confrontations between customers and employees. Sales of Bud Light and Budweiser dropped 28% and 11.7%, respectively, for the four weeks ended July 1 from a year earlier, while Modelo Especial sales rose 8.5%, according to consulting company Bump Williams, which sources data from NielsenIQ.
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Chinese tech stocks fall in the U.S. following concerning Chinese data, after a rally caused by hopes the regulatory crackdown on the sector is easing.
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On Friday, Beijing announced a $985 million fine for Ant Group — an Alibaba affiliate — signaling an end to a years-long regulatory crackdown.
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Analysts warn that steps to limit market manipulation might not clear the Securities and Exchange Commission’s bar.
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The EV start-up announced plans to sell $300 million in convertible notes.
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Icahn and banks agreed to untie his personal loans from the trading price of Icahn Enterprises shares, The Wall Street Journal reported.
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Foxconn said on Monday it is pulling out of a joint venture with Vedanta Ltd that was set up to make semiconductors from India.
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The Secure Act 2.0 legislation that passed late last year added new retirement savings options but also has a few potential catches for unsuspecting savers. In my last column, I covered one set of these changes: new exceptions to the 10% federal penalty for tapping retirement money early. Catch-up provisions have long allowed older workers to put more money into retirement plans.
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The comedian and two other authors say their work was used to train AI-powered chatbots without their permission.
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min )
Chinese tech stocks fell in the U.S. following concerning Chinese data, after a rally caused by hopes the regulatory crackdown on the sector is easing.
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(Bloomberg) -- Carl Icahn is getting breathing room from banks more than two months after Hindenburg Research disclosed its short-selling report against the billionaire’s investment firm, the Wall Street Journal reported. Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingYellen
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↗️ Icahn Enterprises (IEP): Carl Icahn finalized agreements that untie his loans from the trading price of his investment company’s
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min )
(Bloomberg) -- European stocks are the cheapest they’ve ever been compared with their US peers, according to Citigroup Inc. strategists who have adjusted their global asset allocation to reflect this view.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesChina’s
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Some two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday. Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline of cash.
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U.S.-listed shares of Alibaba fall after surging 8% on Friday after China fined affiliate Ant Group nearly $1 billion, Meta's Threads surpasses 100 million users, and Delta and JPMorgan Chase kick off earnings season later this week.
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Here is your Pro Recap of four head-turning deal dispatches you may have missed this week: Cronos attracts interest; Brookfield buys American Equity Investment Life, Thermo Fisher merges with CorEvitas, and Monster Beverage buys Bang Energy.
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min )
The China Association of Auto Manufacturers (CAAM) said in a statement on Saturday it recognised the agreement had violated China's antitrust law and would retract it. Intense competitive pressure: Since January, when Tesla cut prices in China, about two dozen automakers have followed with price cuts of their own to stay competitive and stoke demand.
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Investing.com -- Analysts at Goldman Sachs have raised their price target for Nvidia (NASDAQ:NVDA), citing the potential for artificial intelligence to help boost the graphics card maker's performance.
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(Bloomberg) -- A stronger-than-expected corporate earnings season alone won’t be enough to boost the S&P 500 this time around, according to one of the most bearish voices on Wall Street.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesChina’s Flood of Plastic,
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min )
Dara Khosrowshahi just sold $4.5 million of shares of the ride-hailing firm he heads, his first sales of Uber stock since January 2021.
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Icahn has agreed to increase his collateral and set up a plan to fully repay the loans in three years, the report said, citing people familiar with the matter. Icahn's company became the target of short-seller Hindenburg Research in May. Among other concerns, Hindenburg flagged that Icahn had pledged more than 65% of his IEP stake as collateral for margin loans for "unspecified purposes."
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The announcement came after China's financial regulator on Friday fined the Alibaba Group affiliate $984 million for violating laws and regulations, a move seen by many industry observers as a sign that a regulatory crackdown on the country's technology sector is over. In addition a lot of other tech darlings have also corrected by a lot over the past two years, so they aren't alone.
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Deal unties his personal loans from the trading price of Icahn Enterprises.
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China's inflation data for June surprised on the downside, with consumer prices slipping 0.2% on the month to leave annual CPI dead flat. On the face of it, this implies there is plenty of scope to ease monetary and fiscal policy further. Japan's experience shows what deflation combined with a shrinking population can mean for an economy.
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min )
(Bloomberg) -- As Middle Eastern sovereign wealth funds emerge as the go-to investors for some of the biggest deals, the world’s oldest and one of its largest is being eclipsed by its more ambitious, flashier neighbors. Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingYellen’s
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min )
(Bloomberg) -- Miner Rio Tinto Group sees a host of near-term economic challenges in China, including in the country’s real estate industry, but reaffirmed its positive medium- and long-term outlook.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingWall Street Soothsayers Are B
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Investors can’t stop looking over their shoulders for major risks looming in markets.
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(Bloomberg) -- Investors in Asian assets faced a host of competing forces as trading got underway in the region in Monday, from the risk of higher interest rates and recession to a potential turning point for Chinese tech companies and constructive dialogue between Beijing and Washington.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingW
( 9
min )
(Bloomberg) -- China’s consumer inflation rate eased to zero in June while factory-gate prices fell further, underlining continued weakness in demand and adding to concerns about the threat of deflation in the economy.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingWall Stree
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Hong Kong shares of Alibaba Group were set to open up 5.5% on Monday after China fined its affiliate, Ant Group, $984 million for violating "laws and regulations", fuelling hopes that a years-long regulatory crackdown has come to an end. Alibaba's stock was set to open at HK$88.95. On Saturday, Ant Group announced a share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020.
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Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%. "Oil traders may be cautious ahead of the U.S. CPI and China's slew of economic data later this week," CMC Markets analyst Tina Teng said.
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The dollar was on the back foot on Monday after a miss in U.S. jobs data scaled back market expectations on how much further the Federal Reserve would need to raise rates, while focus in the Asia day was on China's inflation data release. That sent the dollar tumbling nearly 1% against a basket of currencies on Friday while the yen and sterling surged. The Japanese yen last bought 142.30 per dollar in early Asia trade on Monday, having jumped 1.4% on Friday in the wake of the greenback's decline and a slump in U.S. Treasury yields.
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min )
(Bloomberg) -- There's more pain on the way for the S&P 500 as profit warnings and fears of higher interest rates combine to threaten the key US stock indicator, according to the latest Markets Live Pulse survey.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingWall Street Soot
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min )
Cash credit typically requires collateral, while overdrafts allow account holders to have a negative balance without incurring an overdraft fee.
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min )
Learn the difference between the Fortune 500 and S&P 500, and how each of these prestigious rosters of U.S. companies are compiled.
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min )
If you’re buying sole proprietor business insurance, you’ll need a policy that works for your situation. Learn how to buy the best sole proprietor business insurance.
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min )
The average cost of cancel for any reason (CFAR) travel insurance varies based on your age and trip cost. Policies from eight top CFAR insurers cost an average of $223.
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Shares of Novavax soared over 29% after the Canadian government agreed to pay the biotech firm almost $350 million for canceling delivery of some COVID-19 vaccines previously ordered.
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min )
Income from continuing operations is a net income category found on the income statement that accounts for a company’s regular business activities.
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Dow Jones gained 175 points though Microsoft, Apple plunged.
( 17
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George Soros pocketed $1 billion by betting against the British pound in 1992, cementing his reputation as the premier currency speculator in the world.
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Vancouver Stock Exchange (VAN) .V was a stock exchange formerly located in Vancouver, now part of the TSX Venture Exchange.
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FMC shares dropped more than 11% on Monday after revising its quarterly and yearly revenue outlook due to low inventory pressures from channel partners.
( 18
min )
American consumers expect short-term inflation will continue to ease to its lowest level in more than two years, according to the New York Fed's latest survey.
( 17
min )
Investment management refers to the handling of financial assets and other investments by professionals for clients, usually by devising strategies and executing trades within a portfolio.
( 25
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Carvana shares jumped over 14% in intraday trading on Monday after the online used car dealer said sales of electric vehicles (EV) have skyrocketed.
( 16
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Learn to add structure to your trading methods with these six important steps.
( 23
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Personal loan rates dropped significantly this week to 20.72%, losing 66 basis points since last week when the average personal loan rate sat at 21.38%.
( 18
min )
Capital recovery refers to the earning back of the initial funds put into an investment that a company must accrue before it can earn a profit on its investment.
( 18
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The Nasdaq Composite Index is a broad-based market index that includes more than 3,700 stocks listed on the Nasdaq stock exchange.
( 22
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Analysts positive on Taiwan Semiconductor Manufacturing Co. despite revenue drop, thanks to role in AI and Apple ties.
( 17
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Home prices rose to a record in May, according to Black Knight’s Home Price Index (HPI), suggesting the pullback in prices that began last summer has all but fully reversed.
( 18
min )
Icahn Enterprises shares soared about 20% in trading on Monday after Carl Icahn and banks amended agreements that untie his personal loans from Icahn Enterprises L.P.'s stock price.
( 16
min )
Money market accounts and money market funds are relatively safe, but only one type is insured by the FDIC. Learn more about these investments.
( 22
min )
E-commerce giant Amazon is expected to sell $12 billion worth of merchandise during its Prime Day event, helped by discounts and improved logistics, Bank of America analysts wrote.
( 17
min )
U.S. equities were mixed at midday on Monday, July 10, 2023 with second quarter earnings season set to start.
( 16
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Up to 93% of the world’s central banks are experimenting with some form of digital currency (CBDC), with two dozen expected to have one circulating by the end of the decade.
( 19
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Helen of Troy shares jumped over 15% in early trading on Monday after reporting first quarter earnings and revenue that exceeded analyst estimates, despite a decline in demand as consumer buying patterns shifted.
( 16
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The bankrupt former owner of the defunct Silicon Valley Bank, sued the Federal Deposit Insurance Corporation, accusing the regulator of illegally holding on to funds that it seized when SVB imploded in March.
( 17
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The Dow Jones Industrial Average and Standard & Poor's 500 Index both capture the performance of the markets, but their methodology differs.
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American depositary receipts of Nanobiotix jumped over 50% in early trading on Monday after signing an agreement with J&J's Janssen Pharmaceutical to work on co-developing a drug to treat head and neck cancer tumors.
( 18
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The Nasdaq 100 Index includes companies from various sectors except for companies in the financial sector. Discover more about the Nasdaq 100.
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TPG plans to buy Forcepoint's Global Governments and Critical Infrastructure Business unit for $2.45 billion.
( 17
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The S&P 500 and Russell 2000 are used as benchmarks for broader segments of the U.S. stock market. Each index has its own approach to measuring stocks.
( 23
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A futures contract is a standardized agreement to buy or sell the underlying commodity or other asset at a specific price at a future date.
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Starters konden in het afgelopen half jaar meer huizen kopen dan in dezelfde periode vorig jaar. Dit kwam door lagere prijzen, hogere inkomens en ruimere leennormen. Toch blijft hun positie moeilijk, met name voor alleenstaanden.
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Werkende vrouwen die een relatie hebben met een andere werkende, zorgen gemiddeld voor 37 procent van het gezamenlijke inkomen. Ongeacht de levensfase met of zonder kinderen verdienen mannen gemiddeld meer dan de helft, ziet statistiekbureau CBS.
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Het aantal gebruikers van het nieuwe sociale medium Threads is, bijna een week na de lancering, gestegen tot meer dan 100 miljoen. Dat heeft onderzoeksbureau Quiver Quantitative uitgerekend. Mark Zuckerberg, eigenaar van Threads en Facebook, heeft dat aantal inmiddels bevestigd.
( 4
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De Nederlandse Aardoliemaatschappij (NAM) heeft met 2,4 miljard euro een ongekend hoge winst behaald in 2022. Dat kwam doordat het gas duurder was. De gasproductie nam juist met 23 procent af.
( 4
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Mensen met zonnepanelen kunnen vaak hun opgewekte zonnestroom niet kwijt. Liander ontving dit jaar 3400 meldingen van klanten die hun zonnestroom niet konden terugleveren.
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De Consumentenbond ergert zich aan winkels die adviesprijzen gebruiken om klanten te lokken met nepkortingen. Het geeft de klant het gevoel iets te kopen met korting, maar dat valt in werkelijkheid nogal eens tegen.
( 4
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Banken en andere verstrekkers verhogen deze week hun hypotheekrentes. Daarbij kunnen de tarieven oplopen met 0,15 of zelfs 0,20 procentpunt. Dat melden adviesbureaus Van Bruggen en De Hypotheekshop.
( 3
min )
De Amerikaanse komiek Sarah Silverman en twee auteurs beschuldigen Facebook-moederbedrijf Meta en ChatGPT-ontwikkelaar OpenAI van auteursrechtschending. Volgens de schrijvers hebben de techbedrijven hun kunstmatige intelligentie zonder toestemming getraind met hun boeken.
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Er werd 9,2 procent minder geproduceerd in de Nederlandse industrie dan een jaar eerder. Industriebedrijven laten al vijf maanden op rij een krimp zien.
( 3
min )
Nederland heeft er de afgelopen jaren veel grote zonne- en windparken op land bij gekregen, maar het is de vraag of die trend doorzet. Volgens demissionair klimaatminister Rob Jetten is dat wel nodig, maar sommige provincies zien het niet zitten.
( 5
min )
Steeds meer werknemers zijn langdurig uitgeschakeld vanwege stress- en burn-outklachten. Vooral het gestegen verzuim onder jongeren is zorgelijk. Veel bedrijven zijn nog altijd niet bereid of in staat de werkdruk te verlagen en uitval te voorkomen.
( 6
min )
Thailand's Siam Motors partnered with Nissan Motors in 1962 with a factory that rolled out four cars a day, leading to a profitable, decades-long relationship with Japanese companies that transformed it from a car dealer to an automotive pioneer. Siam Motors is in talks with several Chinese automakers about potential partnerships, particularly for high-end electric vehicles, vice president Sebastien Dupuy said in an interview, referring to previously unreported discussions. "EVs will be a nice pocket of growth," he said.
( 9
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Judge dismissed a lawsuit brought by three survivors of the 1921 attack.
( 26
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It hasn’t gone unnoticed that the market’s strong performance this year has been led by the mega-caps, with the tech giants largely responsible for the surge in the S&P 500 and NASDAQ. This has led many commentators to issue warnings about the lack of market breadth driving the gains, with many believing it indicates that the market is a lot more fragile than it looks. However, that is not the case at all, according to billionaire Ken Fisher, who thinks that “bad breadth” is a bullish indicator.
( 11
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A clutch of key economic data releases showing whether China is starting to emerge from its post-lockdown funk, and monetary policy decisions - and more importantly, guidance - from New Zealand and South Korea will be the main regional drivers for Asian markets this week. Asian markets, however, continue to underperform. The MSCI World index is up 11% year to date.
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Morningstar expects mortgage rates to plunge to 4.00% by 2025.
( 7
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Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Reporter Rebecca Bellan is back in the driver's seat the next couple of weeks as I stash my laptop and head out for some adventures (planes, ferries and bikes included). India has been leading the shift to electric two-wheelers, but the rollback of a popular government incentive has caused sales to nosedive, Jagmeet Singh reports. In May, the Indian government revised its incentive scheme, reducing subsidies from $183 per kWh (up to 40% of the vehicle price) to $122 per kWh of battery capacity (up to 15% of vehicle price).
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(Bloomberg) -- Tucked away in hours of congressional testimony by Federal Reserve Chair Jerome Powell last month was an admission that the central bank was blindsided by the impact of shrinking its balance sheet four years ago.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingWall Street Soothsayers Are Bewildered About What’s NextKremlin
( 10
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Second-quarter earnings season begins with results from JPMorgan, Citigroup, and Wells Fargo. Plus, June CPI and PPI inflation data and consumer and small business sentiment surveys.
( 26
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California-based Fisker is finally putting its first cars into the hands of U.S. customers, 2½ years after going public amid a frenzy on Wall Street for electric-vehicle makers.
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Quarterly Monitor: Funds notched a 6.3% advance for the second quarter in a top-heavy market.
( 26
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A potential levy on imported steel in food cans would help protect steelworkers but could lead to yet more price increases at the supermarket.
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Energy stocks ended the week on a positive note, with the energy sector ETF, the XLE, closing out Friday’s trading up by over 2%, its largest one-day uptick in a month. In recent times there have been uncertainties regarding global demand, but there may be reason to believe that the oil market is starting to show signs of tightening. Shares of energy firms pushed higher in the session, but the question is, which stocks are set for further gains? A dive into the data will help us sort out the mos
( 11
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(Bloomberg) -- Wall Street strategists are increasingly voicing concerns about the concentration of Big Tech stocks in this year’s stock-market rally. But if history is any guide, there’s little reason to fear.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Her VisitWall Street Soothsayers Are Bewildered About What’s NextKremlin Says Turkey’s Return of Azov Defenders Violates AccordChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingJack Ma’s Clash With Beiji
( 9
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Even investors who understand that the stock market is volatile did not feel good about the losses stocks posted during 2022. The Standard & Poor's 500 Index dropped by nearly 20% and the average workplace retirement plan balance fell from … Continue reading → The post Here's How Much the Average Person Lost in Retirement Savings in 2022. How Do You Compare? appeared first on SmartAsset Blog.
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To do retirement right you need a disciplined savings plan, a good understanding of Social Security, a sound investment strategy and a vision of retirement that provides for adequate self-fulfillment without overspending your fixed-income budget. Behind those simple principles lies … Continue reading → The post The Five Worst Retirement Mistakes to Avoid at All Costs appeared first on SmartAsset Blog.
( 9
min )
Charlotte Bamber admitted to wire fraud and commodity price manipulation while trading oil products for Trafigura Group.
( 7
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Navigating income taxes during retirement can be complex and your golden years are a time to relax and enjoy your hard-earned cash. Your IRAs, pensions, taxable accounts and Social Security distributions create various tax implications. So, it's vital to understand … Continue reading → The post Federal Tax Rates for Different Types of Retirement Income appeared first on SmartAsset Blog.
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Britain’s ageing population poses a long-term threat to the economy and will affect interest rates for decades to come, Andrew Bailey has said.
( 7
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Amazon's Prime Day brings discounts and deals for its members, but the sales event hasn't historically been a boost to the share price.
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Young Americans, in particular, don’t know much about handling money. But they can fill the knowledge gap by reading these books.
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Learn exactly what the S&P 500 measures and why it's used by market participants as a tool to understand the broader stock market.
( 23
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(Bloomberg) -- Investors who stuck with bonds from countries that defaulted or are on the brink are betting the double-digit returns they’ve posted over the past month are just the start of a rally.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Her VisitWall Street Soothsayers Are Bewildered About What’s NextKremlin Says Turkey’s Return of Azov Defenders Violates AccordChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingYellen Had Candid Five-Hour Meeting Wi
( 9
min )
The supreme court says businesses are free to refuse service on the basis of belief, but that doesn’t mean we should
( 7
min )
Analysts expect S&P 500 companies to report their third consecutive quarter of declining profits.
( 25
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A sharp rebound in U.S. Treasury yields is reviving old concerns on Wall Street.
( 25
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Analysts warn that FedNow could upend lenders’ business models.
( 26
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AIX-EN-PROVENCE, France (Reuters) - France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target. Villeroy, who sits on the ECB's governing council, also said that its interest rate hikes were close to topping out and that rates would be kept at elevated levels long enough for the impact to feed through the economy. The aim is to bring inflation down to the 2% target by 2025, Villeroy said at an economics conference in the southern French city of Aix-en-Province.
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By Louis Juricic and Sarina Isaacs
( 9
min )
KPMG is giving extra training to its graduate recruits and hauling them into the office more regularly amid concerns that lockdown damaged Gen Z’s development and confidence.
( 6
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV delivery numbers from Tesla, Ford, and more; GM apprehensive on EPA's emissions crunch; and a lawsuit against Rivian.
( 9
min )
(Bloomberg) -- Billionaire Mukesh Ambani’s soon to be spun out financial services unit recommended his daughter Isha Ambani as a non-executive director of the board, underscoring the latest succession planning within his retail-to-refining empire.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitMove Over Dubai. This Tiny Emirate Wants to
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min )
In the aftermath of the financial crisis, Threadneedle Street slashed borrowing costs to 300-year lows – knocking five percentage points off interest rates in the space of just a year.
( 9
min )
Jeremy Hunt will vow to axe nearly 100 pieces of “unnecessary, outdated and protectionist” EU legislation this week in a bid to turbocharge Britain’s financial services industry after Brexit.
( 8
min )
Stretched mortgage borrowers are racing to take in lodgers in an attempt to help cover their bills.
( 6
min )
(Bloomberg) -- Saudi Arabia’s decision to extend its oil production cuts — part of a so far largely unsuccessful bid to raise prices — may trigger an economic contraction in what was the Group of 20’s fastest-growing country last year.Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Had Candid Five-Hour Meeting With China’s He, US SaysMacron Is Trying to Get Back on the Right Side of History — and NATOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish
( 8
min )
While some Asia nations, such as Singapore and Thailand, seem to be following the U.S. Securities and Exchange Commission (SEC) in frowning upon certain products offered by exchanges, the approach in Asia so far seems to be clarity instead of court battles, in contrast with North America
( 9
min )
(Bloomberg) -- Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupMacron Is Trying to Get Back on the Right Side of History — and NATOYellen Had Candid Fiv
( 8
min )
Employers can offer 401(k) matching for student loan payments, making it easier for employees with student loan payments to begin saving for retirement.
( 20
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Learn how poor company or sector performance, economic turmoil, and inflation can all cause the rate of return on investment to be negative.
( 19
min )
Learn about the difference between capital gains and other types of investment income, such as dividends paid on stock or interest earned on a loan.
( 19
min )
Understanding company valuation figures, such as shareholders' equity, is crucial in assessing a business.
( 18
min )
The Federal Reserve System, commonly known as the Fed, is the central bank of the U.S., which regulates the U.S. monetary and financial system.
( 27
min )
Student loan forgiveness programs can provide financial relief for teachers who took out education debt to pay for college.
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The real economic growth rate is a measure of economic growth that adjusts for inflation and is expressed as a percentage.
( 24
min )
The Greenberg School of Risk Management is an American college at St. John's focused on the actuarial sciences and other topics related to the insurance industry.
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min )
Michael L. Eskew was the Chair of the Board and CEO of United Parcel Service, Inc. (UPS) from 2002 to 2007.
( 22
min )
Crypto regulatory sandboxes now support blockchain and cryptocurrency offerings to ensure adherence to regulations and security checks
( 21
min )
Blitzkrieg? Scorched Earth? Dawn raids? Sounds like the markets and the battlefield have a few things in common.
( 22
min )
U.S. Treasury Secretary Janet Yellen says her first trip to China in her current role marked a "step forward" in improving U.S.-China relations
( 18
min )
The FATCA (Foreign Account Tax Compliance Act) compels U.S. citizens at home and abroad to file annual reports on their foreign account holdings.
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min )
Return on policyholder surplus is the ratio of an insurance company’s net income to its policyholder surplus.
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min )
Cheap options can be very risky, but you can reduce your risk by avoiding these 7 common mistakes when trading in cheap options.
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min )
If you are traveling in the U.S. and plan to go to Walmart, make sure your credit card is issued by American Express, Discover, Visa, or Mastercard.
( 19
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How to pay your rent, mortgage, insurance, utilities, and other important bills if you are short on cash due to various circumstances.
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min )
The Dow Jones Industrial Average (DJIA) yield is the aggregate dividend yield on the 30 stocks that make up the Dow Jones Industrial Average.
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The value of the S&P 500 Index is constantly changing. Learn how the S&P 500 is calculated using a free-float market capitalization-weighted methodology.
( 22
min )
The S&P 500 Buyback Index tracks those stocks in the S&P 500 that have the largest annual share buyback ratios.
( 21
min )
Amazon's Prime Day brings discounts and deals for its members, but the sales event hasn't historically been a boost to the share price.
( 18
min )
Learn exactly what the S&P 500 measures and why it's used by market participants as a tool to understand the broader stock market.
( 23
min )
Here is how the seasons of the year impact the housing market.
( 22
min )
Electronics are the top choice for most Prime Day shoppers, with back-to-school items also popular for the summer sales event
( 17
min )
Learn about dividend payments and the S&P 500 index. Find out why the yield has trended lower over time due to changes in the economic environment.
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min )
De EU en Nieuw-Zeeland hebben een akkoord ondertekend over een vrijhandelsverdrag. Ze beloven daarin importheffingen op veel van elkaars producten te verlagen. Volgens Europese Commissie-voorzitter Ursula von der Leyen zorgen de afspraken voor 30 procent meer handel met Nieuw-Zeeland.
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min )
Europese aluminiumbedrijven waarschuwen dat er manieren zijn om de CO2-belasting aan de Europese grens te omzeilen. Zij vrezen dat er daardoor nog steeds vies aluminium goedkoop de Europese markt op komt en oneerlijke concurrentie vormt voor hun 'schonere' aluminium.
( 5
min )
De rentetarieven van de Europese Centrale Bank (ECB) zullen een tijdlang hoog blijven nadat de periode van renteverhogingen voorbij is. Dat is nodig om de inflatie omlaag te krijgen, zei ECB-bestuurslid François Villeroy de Galhau.
( 4
min )
Ga je deze zomer op vakantie en wil je internetten op je telefoon? Probeer dan de verleiding te weerstaan door niet met het eerste de beste vrij toegankelijke wifinetwerk verbinding te maken.
( 3
min )
Als ploegleider van een professionele wielerploeg run je een bedrijf. Als het om ploegen gaat die meedoen aan de wedstrijd der wedstrijden, heb je het al gauw over een miljoenenbedrijf.
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Boodschappen zijn de laatste jaren duurder geworden. Maar stijgen de prijzen in de supermarkt nog door in 2023? Boter, melk en eieren zijn in prijs gedaald. Tegelijkertijd ben je veel meer kwijt aan uien en zoetigheden, blijkt uit een analyse van NU.nl.
( 6
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(Bloomberg) -- The corporate bond market seems surprisingly blase about the risk of an economic downturn now. Most Read from BloombergAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupYellen Had Candid Five-Hour Meeting With China’s He, US SaysStock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving UpMacron Is Trying to Get Back on the Right Side of History — and NATOUS job growth is slowing and consu
( 9
min )
(Bloomberg) -- Inflation in the US likely continued to soften in June but a key measure of underlying price pressures is still running at an uncomfortable pace that keeps the Federal Reserve tilted toward resuming interest-rate hikes this month.Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Had Candid Five-Hour Meeting With China’s He, US SaysCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupAnt to Buy Back Shares at 70% Lower Valuation Than
( 10
min )
(Bloomberg) -- The bond-market selloff that sent some yields to the highest levels in more than a decade this week leaves investors straining to see past the Federal Reserve’s next move in July.Most Read from BloombergAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupYellen Had Candid Five-Hour Meeting With China’s He, US SaysStock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving UpMacron Is Trying t
( 8
min )
(Bloomberg) -- Worried that the dreaded inversion of the Treasury yield curve will lay out traps for your bond portfolio in the coming months? Perhaps worry less. Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Says US-China Ties on ‘Surer Footing’ After TripKremlin Says Turkey’s Return of Azov Defenders Violates AccordYellen Had Candid Five-Hour Meeting With China’s He, US SaysCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupSo say quant res
( 8
min )
(Bloomberg) -- Up and down Wall Street, forecasters were caught flat-footed by how the first half of 2023 unfolded in financial markets. That seems to have rattled their faith in what the winning playbook for the rest of it should be. Heading into the year, a handful of predictions dominated strategists’ annual outlooks. A global recession was imminent. Bonds would trounce stocks as equities re-tested bear-market lows. Central banks would soon be able to stop the aggressive rate hikes that made
( 10
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Forget BYD: Geely is the Chinese car company Americans will see most of in the coming years, through brands such as Volvo, Polestar, Lotus and Zeekr.
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Workers making less than $50,000 were almost twice as likely to believe than can get a raise than they were two months ago.
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min )
Real estate can be a great addition to your portfolio if you're hoping to diversify and create passive income. And investment property loans can make it easier to purchase property if you're interested in owning real estate directly. However, qualifying … Continue reading → The post What Is an Investment Property Loan? appeared first on SmartAsset Blog.
( 10
min )
You can produce $500 a month in passive income through savings accounts, certificates of deposit, stocks, bonds, funds and other investment vehicles. Each offers varying rates of return, degrees of safety, convenience, and liquidity. And each requires a significant initial … Continue reading → The post How to Make $500 a Month in Passive Income appeared first on SmartAsset Blog.
( 8
min )
If someone leaves you money in their will but you don't want to wait until probate ends to claim it, you might consider getting an inheritance advance. An advance against an inheritance allows you to collect money that's set to … Continue reading → The post How Much Does an Inheritance Advance Cost? appeared first on SmartAsset Blog.
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min )
If you're torn between getting a life insurance policy and investing in the stock market, an indexed universal life (IUL) policy can serve both purposes. This product provides a death benefit to your heirs and returns based on index fund … Continue reading → The post Indexed Universal Life (IUL) vs. Roth IRA appeared first on SmartAsset Blog.
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min )
Taking out a home equity loan could make sense if you need cash for home improvements, repairs or other expenses. You might be wondering if you can refinance home equity loan debt to get a lower interest rate or change … Continue reading → The post How to Refinance a Home Equity Loan appeared first on SmartAsset Blog.
( 9
min )
How can I find a certified financial planner (CFP) who is not associated with a brokerage house? I want truly independent advice and not steered toward selling me securities. I especially want tax advice. Everyone I have called turned out … Continue reading → The post Ask an Advisor: ‘I Want Truly Independent Advice.' How Can I Find a CFP Who's Not Associated With a Brokerage House? appeared first on SmartAsset Blog.
( 9
min )
I'm a 65-year-old preparing for retirement within the next three to five years. I'm looking at different types of retirement funds. Would adding stocks that are dividend-structured along with gold and cryptocurrencies be a good mixture? -Earl Shifting from building … Continue reading → The post Ask an Advisor: I'm 65 Years Old and Going to Retire Soon. How Should I Structure My Portfolio? appeared first on SmartAsset Blog.
( 9
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My investment accounts don't withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? -David As capital gains distributions are unpredictable and usually unknown until … Continue reading → The post Ask an Advisor: ‘How Can I Mitigate This Situation?' My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains appeared first on SmartAsset Blog.
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Riding high after an “exceptional” 12 months for its consulting arm, partners at PwC UK last year took home a record seven-figure payout, while its rank-and-file staff were handed a 9pc pay bump before bonuses.
( 8
min )
Private equity’s “extraordinary 40-year run is finished” as an era of cheap debt is replaced by higher interest rates, City figures have declared.
( 10
min )
An Indian court rejected PepsiCo Inc's appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company's popular Lay's potato chips. The Protection of Plant Varieties and Farmers' Rights (PPVFR) Authority in 2021 revoked intellectual protection granted to PepsiCo's FC5 potato variety, saying that India's rules do not allow a patent on seed varieties. The authority removed PepsiCo's patent cover after Kavitha Kuruganti, a farmers' rights activist, argued that the company cannot claim a patent over a seed variety.
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min )
The next meaningful moves could come soon, with significant consequences for producers' stocks, as several macroeconomic developments play out.
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min )
Costco memberships provide a huge source of the company’s revenue, which would otherwise have to come from higher product prices.
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min )
(Bloomberg) -- Markets have turned against the UK for the second time in under a year as the outlook for inflation and growth darkens for an economy that’s already lagging behind the other Group of Seven nations.Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProSummers Warns on Inflation Complacency, Sees More Bond DeclinesUkra
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Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.
( 24
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Costs for meat, eggs and produce have been tamed, but inflation is running hot in grocery stores’ inner aisles, home to packaged food and household goods.
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Founded in China as fast-fashion retailer, the company is now positioning itself as a marketplace for practically anything.
( 21
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(Bloomberg) -- Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company. Most Read from BloombergRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupUkraine Has Caught Up With Russia’s Tank Numbers, Data Signa
( 8
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Southern California Edison and two other companies have paid $22 million to settle U.S. government claims that they caused a 2016 wildfire that burned thousands of acres of national forest, it was announced Friday. The money covers damage from the Rey Fire as well as the costs of fighting the blaze, which was sparked by a fallen Edison power line, the U.S. Department of Justice announced. The companies agreed to pay without admitting wrongdoing or fault, according to the DOJ.
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"We strongly believe in the Rivian long-term story and view a number of positive catalysts ahead along with firming demand and production."
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If tech disappoints, it’s look out below for the S&P 500. But if banks post robust results, it could be up, up, and away for bank stocks.
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Fastfoodketen McDonald's beperkt het gebruik van tomaten voor zijn producten in India vanwege grote tekorten. Bij de meeste vestigingen in het noorden en oosten van India worden tomaten zelfs helemaal niet meer gebruikt voor hamburgers en wraps.
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Huizenkopers zijn alweer gewend aan de gestegen hypotheekrente. De dip op de huizenmarkt lijkt voorbij en de prijzen stijgen alweer. Ondertussen neemt het aantal mensen voor wie een eigen huis vrijwel onbereikbaar is niet af. Geldt dat voor jou? Dan zijn wij voor een artikel op zoek naar jou.
( 2
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Huizenkopers zijn alweer gewend aan de gestegen hypotheekrente. De dip op de huizenmarkt lijkt voorbij en de prijzen stijgen alweer. Ondertussen neemt het aantal mensen voor wie een eigen huis vrijwel onbereikbaar is niet af. Geldt dat voor jou? Dan zijn wij voor een artikel op zoek naar jou.
( 2
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De voorzitter van de Franse autofabrikant Renault maakt zich grote zorgen over het risico dat China de leveringen van zeldzame aardmetalen stopzet. Volgens Jean-Dominique Senard snapt Europa niet goed genoeg dat het om een belangrijke strategische zaak gaat.
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Tesla was in de eerste helft van dit jaar opnieuw koploper op de Duitse markt voor volledig elektrisch aangedreven auto's. Dat meldt zakenkrant Handelsblatt op basis van cijfers van het Kraftfahrt-Bundesamt (KBA), de Duitse versie van de RDW.
( 3
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McDonald's beperkt het gebruik van tomaten in India vanwege grote tekorten. Bij de meeste vestigingen in het noorden en oosten van het land worden tomaten zelfs helemaal niet meer gebruikt in hamburgers en wraps.
( 3
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Eindelijk leek sparen weer meer op te leveren dan beleggen. 2022 was een rampjaar voor beleggers. Maar in de eerste helft van 2023 schoten de koersen omhoog. "Dat leerde ons de les stilzitten", zegt beleggingstrainer Hans Oudshoorn.
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Jarenlang kwam je voor je internetaansluiting thuis vrijwel altijd uit bij KPN of Ziggo. Maar doordat de aanleg van glasvezelnetwerken in een stroomversnelling is gekomen, hebben we nu echt wat te kiezen, concludeert toezichthouder ACM.
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Op scholen zijn telefoons vanaf volgend jaar niet meer welkom. Het ding leidt zó af dat schoolprestaties eronder lijden. "Leraren kunnen niet op tegen een miljardenindustrie die drááit om aandacht trekken", zegt onderzoeker Sjerp van der Ploeg.
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Eindelijk leek sparen weer meer op te leveren dan beleggen. 2022 was een rampjaar voor beleggers. Maar in de eerste helft van 2023 schoten de koersen omhoog. "Dat leerde ons de les stilzitten", zegt beleggingstrainer Hans Oudshoorn.
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De leveringsproblemen in verschillende sectoren in ons land zijn grotendeels voorbij. De bouw, techniek en auto- en fietsenbranche draaien inmiddels op volle kracht en hebben genoeg op voorraad.
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The net interest rate spread is the difference between a financial institution's average yield from loans and other interest-accruing activities and the average rate it pays on deposits and borrowings.
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A front month, which is also called a near or spot month, is the nearest expiration date for a futures or options contract.
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The Gordon growth model, also known as the dividend discount model, is often applied in Microsoft Excel to determine the intrinsic value of a stock.
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Workers making less than $50,000 were almost twice as likely to believe than can get a raise than they were two months ago.
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The third richest person in the world in 2023, Jeff Bezos’ has over 10% of stake in Amazon, and owns The Washington Post, space exploration company Blue Origin, and invests in real estate and other companies.
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Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.
( 24
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A spate of big-budget summer movies have already underperformed, and others are coming. Movie studios are concerned that in an age of streaming, moviegoers would rather stay at home to watch their summer fare.
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The attorneys general didn’t cite specific legal violations in their letter to the retailer.
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Letters to the editors of Barron’s about REITs, the federal deficit, weight-loss drugs, recession risks, Rockwell Automation, and more.
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(Bloomberg) -- Ashford Hospitality Trust Inc. expects to return 19 hotels to lenders in cities including Las Vegas and Atlanta, declining to pour more cash into the properties, which are part of a $982 million mortgage pool that missed a repayment deadline in June. Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorMusk Ultimatum t
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ADRs of Alibaba advanced 8% on Friday amid optimism that a nearly $1 billion fine by China on a related company could signal the end of a yearslong crackdown on Alibaba.
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(Bloomberg) -- Elon Musk sued the law firm that led the court fight to make him complete his takeover of Twitter, saying it took advantage of the company while running up a $90 million bill.Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupAnt to Buy Back Shares at 70% Lower Valuation Than at IPOStock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving UpSummers Warns on Inflation Complacency, Sees More Bond DeclinesPemex Platform Expl
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Monmouth Capital Management allegedly racked up millions of dollars in commissions from client accounts, including some funded with payments received after the death of a service member.
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Despite recent bullish economic data, Michael Gapen says he still expects a “mild recession” by the start of 2024.
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(Bloomberg) -- Investors are about to get a first look at what sell-side analysts have to say about Cava Group Inc. after the fast-casual restaurant chain delivered one of the biggest trading debuts in two years.Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupMacron Is Trying to Get Back on the Right Side of History — and NATOYellen Had Candid F
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(Bloomberg) -- A worrisome thought for the stock faithful: You won’t have the bears to kick around anymore.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProMeta’s Threads App Draws Millions Seeking a Twitter AlternativeMusk Ultimatum to Taiwan Imperils Its Push to War-Proof InternetRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorFresh off the strongest first half for the S&P 5
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Costco shares fell more than 2% on Friday after comparable store sales dropped in June as gas prices tumbled.
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BlackRock CEO Larry Fink's change of heart on bitcoin could make it easier for fellow Wall Street executives to embrace cryptocurrencies, but experts warn that his favored financial instrument – the exchange-traded fund, or ETF – is an investment vehicle that's categorically different from the core idea behind digital assets, and could push the industry in the wrong direction.
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Bring up electric vehicles, or EVs, and you’re sure to hear a wide range of opinions. One thing is clear: the market for EVs is rapidly expanding. The tailwinds include both political and social pressures, but the industry itself is also driving the expansion. New models are coming out, battery technology – and vehicle range – are improving, and charging networks are expanding and growing more efficient. Every major economic and technological evolution opens up investment opportunities, and EV s
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(Bloomberg) -- Costa Rica’s annual inflation rate turned negative in June after soaring to double digits last year, following a series of rate hikes, falling oil prices and a strong local currency.Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupAnt to Buy Back Shares at 70% Lower Valuation Than at IPOSummers Warns on Inflation Complacency, Sees More Bond DeclinesRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorApple Plans a Slow, Appointment
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Nikola is still short of votes to double its outstanding shares, but Delaware’s governor can give the company what shareholders have not. The post Nikola still trying to raise share count but proxies may not be needed appeared first on FreightWaves.
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Shares of the giant companies that help energy producers around the world find and extract oil and gas are leading the market higher with some of their big U.S. customers not far behind.
Schlumberger and Halliburton, which frack wells in Texas and orchestrate deep ocean drilling projects, are up mo
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The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.
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Shares of Rivian Automotive surged more than 15% on Friday, extending gains for the eighth consecutive session, after the electric vehicle (EV) maker reported better-than-expected quarterly deliveries. Rivian said on Monday it delivered 12,640 vehicles in the second quarter on steady demand from customers, beating market estimates. Multiple analysts have raised their price targets for Rivian's stock as the EV maker is seen as having overcome production and supply chain challenges that restricted deliveries.
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Investors can earn more yield, potentially for a longer time, with these relatively low-risk income-producing options.
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California franchisees say they will lose their independence if AB1228 becomes law, according to a new survey by the International Franchise Association.
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The USD is still by far the world's most dominant currency, accounting for almost 90% of global foreign currency transactions.
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The answer, as you might guess, has to do with Reddit and Ryan Cohen.
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Rates on 30-year mortgages surged almost a third of a point, taking the flagship average well above its late May peak and establishing a new 20-year high.
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While a double-digit dividend yield may appear enticing to income investors, it is crucial to exercise caution when approaching these ultra-high-yielding names. In a recent Lightning Round segment of CNBC's "Mad Money" program, a viewer asked host Jim Cramer about Annaly Capital Management Inc. (NYSE:NLY) — a mortgage real estate investment trust (mREIT) with an eye-popping yield. The company pays quarterly dividends of 65 cents per share, giving the stock an annual yield of 14%. But Cramer is n
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(Bloomberg) -- Ukraine plans to nationalize Sense Bank, one of the country’s systemically important lenders, from its Russian owners as early as next week, according to a person familiar with the matter.Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupAnt to Buy Back Shares at 70% Lower Valuation Than at IPOStock Market Short Sellers That Helped Fuel This Year’s Rally Are Finally Giving UpSummers Warns on Inflation Complacency, Sees More Bond DeclinesRussia
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An increasing number of Saudi oil supertankers have been spotted idle off the coast of Egypt, raising concerns, with the most likely cause speculated to be a lack of storage.
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A Wall Street Journal analysis of Federal Reserve data reveals a concerning financial situation for people ages 30 to 39, which constitute the majority of the millennial generation. The demographic accumulated nearly $4 trillion in debt during the fourth quarter of 2022, reflecting a substantial $140 billion rise from the preceding quarter. The surge represents a 27% increase since late 2019, constituting the most significant upswing in debt accumulation since the 2008 financial crisis. Contrary
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Wedbush analyst Dan Ives boosts his price price target on Rivian to $30 from $25.
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min )
Mizuho analyst Vijay Rakesh increases his price target on Tesla to $300 from $230.
( 26
min )
The country's regulatory crackdown on its tech industry began with the scuttling of Ant's IPO in late 2020. An end to the saga bodes well for the entire sector.
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Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer to the end of its business overhaul.
( 26
min )
JPMorgan upgraded, Exxon downgraded: Wall Street's top analyst calls
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Mizuho analyst Vijay Rakesh increases his price target on Tesla to $300 from $230.
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Investor sentiment has been largely positive, driven by a notable gain of 15% for the S&P 500 so far this year. It’s a powerful turnaround from last year’s bear trends, and justifies an upbeat outlook – or does it? Watching the market situation for Goldman Sachs, chief US equity strategist David Kostin notes that the gains are resting on a narrow base, and that does not bode well. A look at the NASDAQ index backs up Kostin’s point. The tech-heavy index is up 31% this year, but its gains are rest
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min )
As the economy teeters on the edge, experts and investors are closely analyzing various indicators to predict the possibility of an impending recession. Recent events, such as the surge in Google searches for the term "recession" and the inversion of Treasury yields, have raised concerns in financial circles. Inflation rates have surpassed the Federal Reserve's desired levels, prompting the central bank to tighten its monetary policy through interest rate hikes. The Fed also has cautioned about
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If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.
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It is possible to retire comfortably at 45 if you have $1.5 million. However, it's not guaranteed to work. And whether it will for you depends on a number of variables, only some of which you can control. Having to … Continue reading → The post Can I Retire Comfortably With $1.5 Million at 45? appeared first on SmartAsset Blog.
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DISH Network Corp (NASDAQ: DISH) Chair Charlie Ergen is weighing the merger of the two halves of his telecom empire, Dish and EchoStar Corp (NASDAQ: SATS). The companies have engaged advisors, Reuters cites familiar sources. In 2008, EchoStar Communications, which Ergen founded as a satellite television equipment distributor in 1980, changed its name to Dish Network and spun off its technology arm as a new company named EchoStar. Currently, Ergen is desperate to sell some of Dish's assets, tryin
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Opendoor is one of 52 women-led Fortune 500 companies.
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Beijing’s export restrictions on two minerals this week show it is willing to use its dominance to rock Western supply chains.
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(Bloomberg) -- The biggest cocoa trade in more than a decade is rattling the London exchange, bringing back memories of when a hedge fund manager known as “Chocfinger” tried to corner the market.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Year
( 7
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China's regulatory crackdown on its tech industry began with the scuttling of Ant's IPO in late 2020. An end to the Ant saga bodes well for the whole sector.
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The world’s largest smartphone maker's second-quarter forecast suggests it continues to struggle with slow semiconductor demand, despite cutting production.
( 26
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The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected. "A few suppliers had challenges ramping to the targeted 2Q levels, as they did not receive components from sub-suppliers in a timely manner," Fisker said in an exchange filing, adding that it expected to produce over 1,400 vehicles in early July. Fisker, which will report second-quarter earnings on August 4, produced 55 vehicles in the March quarter.
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Speed lunches, savvy connections, and being 'really blunt' have made Matt Swain of Triago a top player in direct-transaction private investing.
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An Alzheimer’s treatment developed by Biogen and partner Eisai gets full approval from the Food and Drug Administration, Levi Strauss cuts its revenue outlook for the fiscal year, and Costco's same-store sales decline.
( 26
min )
Tesla and its Chinese competitors have been locked in a months-long price war in a brutal battle for market share.
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Subway's CEO led turnarounds at Burger King and Avis. He's going for a three-peat at the sandwich chain ahead of a private equity sale.
( 10
min )
President Joe Biden on Friday rolled out a new set of initiatives to reduce health care costs: a crackdown on what he called “junk” insurance plans that play consumers as ‘suckers,' new guidance to prevent surprise medical bills and an effort to reduce medical debt tied to credit cards. Biden is building on previous initiatives to limit health care costs, with the Department of Health and Human Services releasing new estimates showing 18.7 million older adults and other Medicare beneficiaries will save an estimated $400 per year in prescription drug costs in 2025 because of the president placing a cap on out-of-pocket spending as part of last year's Inflation Reduction Act. Republican lawmakers have criticized Biden's policies by saying they have spurred higher prices that hurt the well-being of families.
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(Bloomberg) -- Chinese authorities are facing pressure to back up their reassuring rhetoric on the economy with more substantive action.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskShares in China are headed for the
( 8
min )
(Bloomberg) -- Samsung Electronics Co. reported its worst decline in quarterly revenue since at least 2009, stoking uncertainty over when a year-long electronics and memory chip demand slump will end.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11
( 9
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(Bloomberg) -- EFishery, co-founded by a former resident of a poor Jakarta neighborhood, became a rare Indonesian unicorn after raising $200 million in fresh funding.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskThe
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(Bloomberg) -- Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to announce a fine of more than 8 billion yuan ($1.1 billion) on its fintech affiliate, drawing a line under the probe into the firm founded by Jack Ma. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send
( 9
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(Bloomberg) -- Shares fell across Asia on Friday after stronger-than-expected private hiring data in the US roiled equities on Wall Street and pushed up Treasury yields.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskA
( 9
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(Bloomberg) -- The yen may fall through the more-than three-decade low it reached last year amid Japan’s widening monetary policy divergence with the US, according to Eisuke Sakakibara. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Play
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Can the AI-driven rally in growth stock funds continue? Large-cap growth funds are already up 24% this year, but so are valuations.
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Sitting in cash and short-dated bonds has been rewarding this year. Now it’s time to lock in better yields.
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Walmart, the world’s biggest retailer, stumbled in the early innings of the e-commerce revolution. Now that it has found its footing, it’s poised for big profits.
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Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company's years-long regulatory overhaul. The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days, the sources told Reuters. The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a stock market debut.
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Iran sold 1.6 million barrels of crude oil a day over the past two months, notching a five-year record.
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For the retail investor, insider trades are one of the best indicators of a stock’s potential future performance. The insiders, of course, are far more benign than the connotations of the name. They are corporate officers, residents of the C-suite, or members of the Board. Their positions give them a close-up view of a company’s inner workings, and that view guides them when they trade their own firms’ shares. The corporate insiders’ knowledge gives them an advantage in their trading, providing
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Learn the dynamics of investing in the S&P 500 Index through ETFs and mutual funds.
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Find out some of the lower-risk ways to invest in foreign markets.
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min )
If you're planning to apply for a credit card, you may wonder how long it takes. Learn how long of a wait you can expect to receive your card.
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ADRs of Alibaba advanced 8% on Friday amid optimism that a nearly $1 billion fine by China on a related company could signal the end of a yearslong crackdown on Alibaba.
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Job creation came in lower than expected, and investors are still worried about higher interest rates, sending the Dow lower by about 190 points.
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Mercedes-Benz is the first German-based electric vehicle maker to sign a deal to use Tesla superchargers in North America.
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Home sales in hurricane-hit towns have jumped but insurance companies are moving out of the state.
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Costco shares fell more than 2% on Friday after comparable store sales dropped in June as gas prices tumbled.
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min )
Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.
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Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
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More than 7,100 student loan borrowers could get a check from the Consumer Financial Protection Bureau, refunding illegally collected fees from a student-debt relief company.
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An unemployment claim is a request an individual makes to a state government to receive temporary payments after having been laid off from a job.
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OTC Pink is the lowest tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group.
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Before jumping into a life insurance policy, learn which decisions you have to make and what you can do to reduce your premiums before you apply.
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The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.
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Clients need to understand the full picture, including the good and bad of cryptocurrency investing.
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Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.
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Here's how Amazon's (AMZN) stock moved on the success of Prime Day in the past.
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Like other businesses, advisory firms have rushed to embrace diversity, equity, and inclusion. So, what are the reputed benefits and how are firms approaching DEI?
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Before meeting with a financial advisor for the first time, it's a good idea to find out what kind of information the advisor wants you to supply. This can save a lot of scrambling to collect paperwork later. Here is what you need to know.
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Dry powder in the financial world is used in reference to an individual company's cash reserves, or to an investor's liquid assets.
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U.S. equities were mixed at midday on Friday, July 7, 2023 after the government's June jobs report showed job creation slowed.
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Rates on 30-year mortgages surged almost a third of a point, taking the flagship average well above its late May peak and establishing a new 20-year high.
( 20
min )
Uber Eats, GrubHub, and DoorDash are suing New York City over a new law that would set a minimum wage for app-based food delivery workers, saying it would lead to higher costs and reduced service.
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min )
Shares of First Solar and other solar power providers climbed in early trading on Friday after First Solar secured a five-year, $1 billion revolving credit facility.
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min )
Pink sheets is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.
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U.S. employers added 209,000 jobs in June, fewer than forecasts, but economists say the gains likely remained too high to prevent more interest rate hikes by the Fed.
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min )
American depositary receipts of Alibaba rose after unveiling an artificial intelligence tool that can create images in response to text prompts as the competition for AI products heats up.
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min )
Mario Draghi is the Prime Minister of Italy. He was president of the European Central Bank from 2011 to 2019.
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The Biden administration announced a series of healthcare initiatives on Friday aimed at lowering healthcare costs and protecting consumers from fraudulent insurance plans and excessive fees.
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min )
Levi's shares dropped about 8% in early trading on Friday following news of a $1.6 million loss in the second quarter and a downward adjustment of its projected revenues in this fiscal year.
( 18
min )
Six-in-ten Americans said that higher interest rates were hurting their finances, while another 38% said they benefited from higher rates, a new survey shows.
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min )
Een aanhoudende ruzie tussen Philips en Lidl over scheerapparaten krijgt een vervolg. De Hoge Raad besliste vrijdag dat de zaak over een apparaat van Lidl dat te veel zou lijken op twee apparaten van Philips deels moet worden overgedaan.
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Supermarktketen Albert Heijn gaat stoppen met de verkoop van messen in de winkels. Dat bevestigt een woordvoerder na berichtgeving van NH Nieuws. In juni werd in een Haags filiaal een supermarktmedewerkster neergestoken, waarna zij overleed aan haar verwondingen.
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De productie van Ford Fiesta's komt vrijdag na bijna vijftig jaar tot een einde. De bestverkopende auto van het Verenigd Koninkrijk moet plaatsmaken voor elektrische modellen.
( 3
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Supermarktketen Albert Heijn gaat stoppen met de verkoop van messen in de winkels. Dat bevestigt een woordvoerder na berichtgeving van NH Nieuws. In juni werd een supermarktmedewerker neergestoken, waarna zij overleed aan haar verwondingen.
( 4
min )
Je hebt geen toegang meer tot Twitter of Reddit met populaire apps zoals Tweetbot en Apollo. Beide platforms zijn op zoek naar nieuwe inkomstenbronnen. Daarom vragen ze sinds kort geld aan appontwikkelaars voor toegang tot hun systemen.
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De enige autofabriek in Nederland heeft later dit jaar mogelijk een nieuwe opdrachtgever. VDL Nedcar heeft een intentieovereenkomst getekend met een bedrijf dat overweegt zijn auto's in Born te laten bouwen.
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Een klimaatfonds met daarin 34 miljard euro subsidie voor groene investeringen is door de Tweede Kamer goedgekeurd. Het kabinet wist steun te krijgen van onder meer GroenLinks en PvdA, waardoor het plan met een ruime meerderheid is aangenomen.
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Minister Rob Jetten (Klimaat en Energie) heeft een klimaatpakket van 28 miljard euro gepresenteerd. Op ons reactieplatform NUjij regende het deze week vragen over de opwarming die dat pakket moet voorkomen: 0,000036 graden wereldwijd. Hoe zit dat?
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Je hebt geen toegang meer tot Twitter of Reddit met populaire apps zoals Tweetbot en Apollo. Beide platforms zijn op zoek naar nieuwe inkomstenbronnen. Daarom vragen ze sinds kort geld aan appontwikkelaars voor toegang tot hun systemen.
( 4
min )
Kippenboeren kunnen hun vrije-uitloopkippen vanaf vandaag weer buiten laten lopen doordat de ophokplicht gedeeltelijk vervalt. Dat zorgt al snel voor de terugkeer van vrije-uitloopeieren in de winkel. Maar er zijn twijfels of de consument hier nog op zit te wachten.
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min )
Chinese Tesla-kopers kunnen 3.500 yuan (bijna 500 euro) terugkrijgen na aankoop van een nieuwe auto. Hiermee zet Tesla de prijzenoorlog in China op scherp.
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min )
Je hebt geen toegang meer tot Twitter of Reddit met populaire apps zoals Tweetbot en Apollo. Beide platforms zijn op zoek naar nieuwe inkomstenbronnen. Daarom vragen ze sinds kort geld aan appontwikkelaars voor toegang tot hun systemen.
( 4
min )
De Europese Commissie start een diepgravend onderzoek naar de overname van stofzuigerfabrikant iRobot door Amazon. Brussel is bang dat het bedrijf te machtig wordt op de markt voor robotstofzuigers en andere merken gaat weren uit zijn webwinkel.
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min )
De nieuwe app Threads van Instagram-moederbedrijf Meta gaat de strijd aan met Twitter. Met nu al ruim dertig miljoen gebruikers maakt Threads een vliegende start. Maar de app is nog verre van perfect.
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min )
Het gerechtshof Amsterdam heeft vrijdag besloten dat Schiphol tóch moet krimpen. Daardoor mogen er niet langer 500.000 vliegtuigen per jaar landen of opstijgen. Dat is een grote opluchting voor de omwonenden, die last hebben van het lawaai.
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Schiphol koopt negentien bagagerobots in om het zware sjouwwerk te verlichten. De Arbeidsinspectie wees de luchthaven er in maart al op dat het zo niet langer kon.
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min )
De Russische munt is fors in waarde gedaald. Alleen bij de start van de oorlog in Oekraïne betaalden Russen meer roebels voor een euro dan nu. De oorzaak lijkt de opstand van de Wagner Group van eind juni.
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Er waren in 2022 minder mensen met een beperking aan het werk bij de overheid. Dat staat haaks op de afspraak dat ze meer werkgelegenheid voor deze groep moet creëren. Dankzij andere werkgevers kwamen er onder de streep toch banen bij.
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min )
De Duitse industrie komt nog steeds niet op gang. De productie daalde in de maand mei onverwacht en is nog steeds lager dan voor de coronapandemie. Daardoor blijft de vrees voor een diepere recessie in Duitsland.
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min )
Twitter beschuldigt Meta van valsspelen met zijn nieuwe berichtendienst Threads. Volgens het bedrijf van Elon Musk heeft het Instagram-moederbedrijf tientallen voormalige Twitter-medewerkers in dienst die toegang hadden tot de bedrijfsgeheimen van het platform.
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De nieuwe app Threads van Instagram-moederbedrijf Meta gaat de strijd aan met Twitter. Met nu al ruim dertig miljoen gebruikers maakt Threads een vliegende start. Maar de app is nog verre van perfect.
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min )
Het gerechtshof in Amsterdam beslist vandaag of er gesneden mag worden in het aantal vluchten op Schiphol. Daar mogen nu nog 500.000 vliegtuigen per jaar landen of opstijgen, maar dat moet van het kabinet omlaag naar 440.000. Vooral KLM voelt daar niets voor.
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min )
Investors still follow an old set of principles, known as modern portfolio theory (MPT), that reduce risk and increase returns through diversification.
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min )
A business auto coverage form is a form that describes the key elements of a business auto policy (BAP).
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The conforming loan limit is the annually adjusted dollar cap on the size of a mortgage that Fannie Mae and Freddie Mac will purchase or guarantee.
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Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.
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min )
Bausch + Lomb purchased Blink brands from a J&J subsidiary for $106.5 million to expand its over-the-counter offerings.
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min )
For the first time in nearly a year, the average home sold for more than its asking price during the four weeks ending July 2.
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min )
A study finds 41% of workers think future retirees will be worse off financially than those currently retired.
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Endowment life insurance combines life insurance with a long-term savings plan. Learn how endowment life insurance policies work and about their pros and cons.
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A bad check is one that's drawn on an account that doesn't exit or on an account with insufficient funds to honor the amount of the check when it's presented for payment.
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In FX, it's not the price environment that decides this for you. Learn the differences to see which you prefer.
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A fixed cost is a cost that does not vary with the level of production or sales.
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If you fall behind on your personal loan payments, at the very least, your credit score will likely take a hit as the late payments remain on your credit report for a minimum of seven years.
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min )
The Dow, S&P 500, and Nasdaq were all down more than 1% midday as investors reacted to new job numbers.
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min )
The City of London Corporation is a governing body made up of 125 elected representatives that exercises the powers of a local authority
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The number of positions available dipped to 9.8 million, second-fewest in more than two years.
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min )
Record Chinese electric vehicle sales in June boosted Tesla deliveries, leading to retail buying in stocks such as Rivian.
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Free of Particular Average (FPA) is an insurance contract clause that eliminates an insurer’s liability for partial losses.
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Learn about the various types of life insurance (term life, whole, universal variable, and final expense) and how to decide which is best for you.
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London's financial districts encompass Canary Wharf, the Square Mile, and Lombard Street, each with its distinct characteristics.
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Meta Platforms’ (META) newest creation, a social media app called ‘Threads’, attracted 10 million users in just seven hours after launching late yesterday.
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Philip N. Jefferson is an American economist who, in May 2023, was named Vice Chair of the Federal Reserve Board (FRB). This is the board’s second-highest position, and makes Jefferson a powerful voice in determining U.S. economic policy.
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min )
Learn how to halt options losses when the market moves quickly in an unfavorable direction.
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Yield to maturity (YTM) is the total return expected on a bond if the bond is held until maturity.
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There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.
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A V-shaped recovery refers to a type of economic recession and recovery that resembles a 'V' shape in charting. It involves a sharp rise back to a peak after a sharp decline.
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Created in 1789, the U.S. Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes, and bills. Discover more here.
( 20
min )
JetBlue hopes to salvage its $3.8 billion Spirit acquisition by ending the Northeast Alliance with American Airlines following a court ruling.
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min )
Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
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Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver. Read more about dollars, euros, and other fiat money.
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High mortgage rates are keeping would-be buyers out of the market as rents in New York reach records.
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min )
Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
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Denationalization, also known as privatization, is the process of turning government-owned services over to private companies.
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Bridging the gap between fiat currency and cryptocurrency, stablecoins aim to achieve stable price valuation using different working mechanisms.
( 26
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he race for critical minerals has gone global in recent years, and companies that are able to extricate themselves from China’s grasp may become strategically vital
( 17
min )
Concordia said it bought 8.18 million shares of Rothschild at 46.60 euros per share. The Rothschild family said in February it was seeking to take the bank private. Rothschild in May posted a 10% drop in first-quarter sales, as global mergers and acquisition activity fell to the lowest level in more than a decade.
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(Bloomberg) -- Starbucks Corp. violated federal labor law when it shut down a unionized store in Ithaca, New York, a US labor board judge ruled Thursday.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskUS National Labor
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min )
Mergers on Wall Street have a way of creating substantial volatility. Usually, the company that makes the acquisition immediately loses a few points, while the company that is acquired skyrockets because of the price premium it receives on the deal. Investors who own the acquiring company hope that the merger will create substantial earnings and revenue that will propel the stock higher down the road. But it doesn’t always work out that way. One well-known example of a deal that went south was t
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min )
ESS had flatly denied the allegations and vowed to fight them.
( 9
min )
The cost of gasoline was sky high a year ago, boosting the top line, but the market has turned around.
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min )
Senior members of Binance’s legal and compliance team left the company this week.
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(Bloomberg) -- Canadian companies are at risk of facing higher interest costs as an unintended consequence of a government proposal to eliminate the country’s C$260 billion ($195 billion) mortgage bond program, an investors’ lobby group has warned.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Swoon After Jobs Data Dashes Rate Cut Hopes: Markets WrapNYC Air Quality Drops to Unhealthy Level
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min )
(Bloomberg) -- Hotter-than-expected private hiring data has woken up Wall Street’s chief fear gauge after weeks of quiet in volatility markets. One trader is betting it’s just the start of a new round of turbulence. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskNYC Air Quality
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min )
(Bloomberg) -- From wrong-way calls on bonds to Big Tech and the economy, it’s been an awful year for conventional wisdom. So when almost four in five Wall Street pros tell you the stock market is too calm, the savviest thing to do is to bet it stays that way.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalBiden Set to Send Cluster Muniti
( 10
min )
(Bloomberg) -- A massive luxury student housing complex in Texas is still showing signs of financial strain.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Swoon After Jobs Data Dashes Rate Cut Hopes: Markets WrapNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskNCCD-College Station Properties LLC failed
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min )
Bud Light has been fighting an uphill battle since it partnered with transgender social media influencer Dylan Mulvaney in April. While Mulvaney has 10.6 million followers on TikTok, the collaboration triggered a backlash on social media and led to a boycott by some beer drinkers. The New York Times recently reported that at Glenn Miller's Beer & Soda Warehouse in Lemoyne, Pennsylvania, a 30-pack of Miller Lite was selling for $24.99. In contrast, a 30-pack Bud Light was priced at just $8.99 aft
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min )
Jeremy Grantham is one of those investors who has achieved legendary status in his own lifetime. He’s made a fortune, and a reputation, as a contrarian – an investor who takes a bearish look at the market, and has a knack for calling, and avoiding, asset bubbles. And right now, Grantham points out that the stock markets are showing all the signs of a bubble on the edge of bursting, and he’s predicting a 70% chance that the market will crash in the near-term. In brief, Grantham believes current m
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Kevin O’Leary, renowned investor and star of "Shark Tank," has challenged Tesla Inc. CEO Elon Musk‘s controversial assertion that working from home is “immoral.” O’Leary, who oversees a vast business empire consisting of 54 companies, has expressed his support for remote work and rejects any notion of immorality associated with it. Musk, the influential figure behind Tesla and Twitter, recently launched a scathing critique of remote work, questioning its ethical implications. He argued that whil
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min )
After dealing with a battery issue and plant upgrades, Ford EV sales rebounded in the second quarter compared with the first quarter of 2023.
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Critics are calling for a boycott of Ben & Jerry's after the ice-cream brand's July 4th tweet but parent company Unilever looks insulated from a backlash.
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The first half of 2023 is in the books, and it has been a pretty good year for the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI). The ETF, which features a dividend yield of just over 10%, has taken in $10 billion in net inflows (as of late June), more than all but two other ETFs, the massive Vanguard S&P 500 ETF and the iShares 20+ Year Treasury Bond ETF, which is quite an achievement given the ubiquity of these passive ETFs. Not only that, but the inflows have increased JEPI’s assets unde
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The key is to buy a basket of the cheap ones, so that gains in a few of them can offset disappointing performance in others.
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(Bloomberg) -- Wall Street’s outlook for US stocks remains near a six-year low even after surging last month, a contrarian sign that suggests brighter times ahead, according to Bank of America Corp.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskNYC Air Quality Drops to Unhealthy
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min )
Argentina's central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation will slowly ease, two bank sources said on Thursday, a boost for the government ahead of primary elections next month. The South American nation has annual inflation running at 114%, though the monthly CPI rise slowed slightly in May to 7.8% from a peak the month before. One of the sources, a central bank adviser, said inflation in June was expected to slow further.
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min )
During Thursday’s trading session, the euro exhibited a state of indecisiveness, with its rate fluctuating within a specific range – the 50 Day EMA and the 1.09 level.
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min )
Most people's income comes as the direct result of work - you get a job, show up, hopefully perform decently well and then money shows up in your bank account. Some people, though, look to set up streams of passive … Continue reading → The post Passive Income: How Is It Taxed? appeared first on SmartAsset Blog.
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A Roth IRA gets favorable tax treatment that can help you accumulate funds for retirement. Despite the advantages, you can lose some or all of the money you put into a Roth IRA. One possible reason for a decline in … Continue reading → The post Can You Lose Money in a Roth IRA? appeared first on SmartAsset Blog.
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min )
Ford Motor Co on Thursday reported a near 10% rise in second-quarter U.S. auto sales, helped by strong demand for personal vehicles and easing supply chain disruptions. The U.S. automaker's quarterly sales rose to 531,662 vehicles from 483,688 vehicles a year earlier. Ford joins global rivals in reporting a rise in U.S. sales, as a steady jobs market despite the Federal Reserve's hawkish monetary policy boosted demand.
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Legendary billionaire investor and Berkshire Hathaway Inc. CEO Warren Buffett believes that value investing still holds significant opportunities despite the market's changing landscape. During Berkshire Hathaway's annual shareholders’ meeting, Buffett expressed optimism about the future of value investing, citing the prevalence of "other people doing dumb things" as a key driver of these opportunities. "What gives you opportunities is other people doing dumb things," Buffett said. "During the 5
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min )
Many prices less affected by monetary policy matter more for cooling inflation, giving central banks reasons to be overly hawkish.
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Live coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
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Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. The German automaker said gallium and germanium played a role in future autonomous driving functions. * Taiwan's TSMC, the world's largest contract chipmaker, said it did not expect any direct impact on its production but would continue monitoring the situation.
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Trucking giant Yellow said it may run out of money sometime this month. The union boss says he doesn’t mind it happening. The post Why Teamsters is willing to sacrifice 22,000 union trucking jobs appeared first on FreightWaves.
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min )
Live coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
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min )
Meta Platforms launches Threads, its rival to Twitter; Bank of America raises its quarterly dividend; and JetBlue says it will wind down its joint venture with American Airlines.
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min )
The low-cost airline reiterated that it strongly disagrees with the ruling but said it has made the “difficult decision” to begin terminating its alliance with American Airlines in the New York and Boston areas.
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min )
Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and other buyers.
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Exxon said profits fell sharply in the second quarter compared with last year.
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min )
The new top dogs in China’s electric vehicle market are starting to thin out the pack. Tesla is in the running, but most other foreign brands aren’t.
( 29
min )
(Bloomberg) -- Equity benchmarks across Asia fell on Thursday with Hong Kong shares leading the losses in a broad, risk-off move across global markets.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapFed Minutes Reveal Divisions Over Decision to Pause in JuneEarth Keeps Breaking Temperature Records Due to Global WarmingT
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min )
(Bloomberg) -- Tesla Inc. and China’s top electric-vehicle makers including BYD Co. pledged to maintain fair competition and avoid “abnormal pricing” in the world’s biggest EV market, signaling a possible end to the 2023 price war that’s shrouded the industry. Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapInstagram Un
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min )
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Affirm, American Express, Conagra, Eagle Materials, and HubSpot. Affirm (NASDAQ:AFRM) shares were recently down about 6% premarket after Piper Sandler downgraded the company to Underweight from Neutral with a price target of $11.00. Piper noted that Affirm relies heavily on loan sales for revenue, but that higher rates and wider credit spreads have led them to hold more loans on their balance sheet, which also pressures operating margins.
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A new report from the Brookings Institutions demonstrates the danger of crypto volatility on the job market.
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min )
Microsoft, Twilio, and Zscaler are among the companies that could deliver AI success to stave off a potential downturn in technology stocks.
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min )
Filing indicates the actively managed vehicles will make the transition in November
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min )
"For oil refineries and trading companies, the cost of holding oil in tanks has become much more expensive."
( 7
min )
De nieuwe app Threads van Instagram-moederbedrijf Meta gaat de strijd aan met Twitter. Met nu al ruim dertig miljoen gebruikers maakt Threads een vliegende start. Maar de app is nog verre van perfect.
( 4
min )
De landelijke ophokplicht voor pluimvee wordt voor het grootste deel van Nederland ingetrokken. De overheid stelde de ophok- en afschermplicht in september vorig jaar in, nadat veel kippen en andere soorten pluimvee besmet waren geraakt met de vogelgriep.
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min )
Het kabinet wil verplichten dat er zonnepanelen komen boven nieuwe parkeerplaatsen. Verder moeten ze zo veel mogelijk op daken en gevels komen, en niet meer in weilanden.
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min )
Door een "verslaving aan inkomsten uit de fossiele samenleving" heeft het kabinet geen duidelijk plan om ons vervoer te verduurzamen, schrijven vertegenwoordigers uit de mobiliteitssector in een brandbrief aan klimaatminister Rob Jetten.
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min )
Beleggers betaalden donderdag voor een bitcoin meer dan 31.000 dollar (zo'n 28.500 euro). Het was voor de grootste cryptomunt ter wereld de hoogste koers in meer dan een jaar.
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min )
De komst van kweekvlees is weer een stap dichterbij. Door groen licht van de verantwoordelijke ministeries kan het nog dit jaar geproefd worden. Maar tot zo'n revolutionaire burger echt op ons bord ligt, is er nog een lange weg te gaan.
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min )
Shell-topman Wael Sawan vindt het verlagen van de olie- en gasproductie gevaarlijk en onverantwoord. Volgens hem heeft de wereld deze fossiele brandstoffen juist hard nodig.
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min )
De zomerstorm Poly heeft naar schatting voor 50 tot 100 miljoen euro aan schade veroorzaakt. Vooral woningen, auto's en bedrijfsgebouwen hebben schade opgelopen.
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min )
Er moet een einde komen aan de uitwassen van zzp'ers in de zorg, die eigenlijk werk doen van mensen in loondienst. Drie ministeries kondigen nu aan dat ze de regels tegen schijnzelfstandigheid strenger gaan handhaven.
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min )
Er moet een einde komen aan de uitwassen van zzp'ers in de zorg, die eigenlijk werk doen van mensen in loondienst. Drie ministeries kondigen nu aan dat ze de regels tegen schijnzelfstandigheid strenger gaan handhaven.
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min )
Woningkopers hebben er weer vertrouwen in en dat brengt de dynamiek op de woningmarkt weer op gang, meldt makelaarsvereniging NVM. Zo nam het aantal verkochte woningen in het tweede kwartaal van 2023 met 20 procent toe ten opzichte van begin dit jaar.
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min )
Woningkopers hebben er weer vertrouwen in en dat brengt de dynamiek op de woningmarkt weer op gang, meldt makelaarsvereniging NVM. Zo nam het aantal verkochte woningen in het tweede kwartaal van 2023 met 20 procent toe ten opzichte van begin dit jaar.
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min )
De krapte op de Nederlandse arbeidsmarkt nam in de eerste drie maanden van dit jaar iets af. Toch is het probleem nog niet opgelost: in de meeste beroepen zijn heel veel vacatures.
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min )
Al tien miljoen mensen hebben zich aangemeld op Threads, de Twitter-concurrent van Instagram-moederbedrijf Meta.
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min )
De prijzen van huurhuizen in de vrije sector zijn de afgelopen maanden flink opgelopen in de grote steden. Vooral in Amsterdam, Rotterdam en Den Haag waren huurders duurder uit. Dat komt doordat het aanbod steeds kleiner wordt, wat prijzen opdrijft.
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min )
Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure. The outflows highlight deep-seated concern about the state of China's economy as its much-awaited pandemic recovery stalls. Brokers say individuals are responsible for the surge and it shows no sign of letting up, which analysts warn could put further pressure on the yuan as it teeters at eight-month lows.
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min )
(Bloomberg) -- Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Reveal Divisions Ov
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min )
Teva Pharmaceutical Industries Ltd (NYSE: TEVA) is reportedly considering potential strategic options for its active pharmaceutical ingredients (API) unit, which could include a potential sale. This news comes from individuals privy to the matter, who indicated that the current healthcare asset acquisitions continue despite the broader global slowdown in dealmaking. Working with consultants, Teva is attempting to identify potential buyers for its API unit, which could be valued at approximately
( 7
min )
Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share beginning in the third quarter of 2023. BofA, unlike other major U.S. banks, had held back a decision on the dividend last week. Rivals JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve's stress test.
( 7
min )
Bank of America says it plans to raise its dividend.
The announcement Wednesday makes it the last of the six biggest U.S. banks to announce dividend-in
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min )
(Bloomberg) -- SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, won court permission to sell its investment banking arm for $100 million, four years after it paid $280 million for the unit.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameEarth Keeps Breaking Temperature Records Due to Global Warming
( 7
min )
BlackRock (BLK) CEO Larry Fink said crypto, specifically bitcoin (BTC), could revolutionize the financial system in an interview with Fox Business on Wednesday.
( 7
min )
During Berkshire Hathaway Inc.'s annual shareholder meeting, CEO Warren Buffett shared his insights on how he became one of the world's most respected investors. One crucial lesson he emphasized was the need to remain rational and unswayed by emotions when it comes to matters of business. Seeking confirmation, Buffett turned to his partner and right-hand man Charlie Munger and asked, "Have we ever made an emotional decision?" In his characteristically dry manner, Munger promptly replied, "No." S
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(Bloomberg) -- It’s not only yields that are set to be impacted as the US Treasury ramps up the supply of bills, according to interest-rate strategists at Barclays Plc. Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapFed Minutes Reveal Divisions Over Decision to Pause in JuneEarth Keeps Breaking Temperature Records Due
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(Bloomberg) -- Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favored interest-rate increases but went along with the move to leave policy unchanged. Most Read from BloombergEquity Losses Stick as Traders Digest Fed Minutes: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t t
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Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to fight high inflation, though the central bank ultimately decided to forgo a rate hike. In the end, the 11 voting members of the Fed’s interest-rate setting committee agreed unanimously to skip a hike after 10 straight increases. In Fed parlance, “some” is less than “most” or “many,” evidence that the support for another rate hike was a minority view.
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Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary. The post Nikola moves to liquidate battery pack maker Romeo Power appeared first on FreightWaves.
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Wall Street fearmongers keep warning that a recession and stock market crash are just around the corner. It's time to start ignoring them.
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With a net worth of $153 billion, Amazon.com Inc. Founder Jeff Bezos can probably afford to buy any house he wants. But right now, he's renting. Bezos and his fiancée Lauren Sanchez are reportedly renting a home in Malibu, California, from legendary jazz saxophonist Kenny G for $600,000 per month. The 5,500-square-foot house comes with a huge backyard, pool, screening room and recording studio. It also has a 3,500-square-foot guesthouse. The estate gives the couple access to Little Dume Beach, o
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U.S. equities declined at midday on Wednesday, July 5, 2023, ahead of the release of meeting minutes from the Fed's June policy meeting.
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In the second quarter, 17.1% of people who are financing a vehicle purchase are paying more than $1,000 a month, a record. Rates could ease soon, however, as the Fed is closer to ending hikes.
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The Phoenix-based semi-truck maker lost momentum because of several factors, including a fire and assembly-line modifications.
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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.
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Analyst Colin Langan added the auto maker to a list of stocks that could be moved up or down by significant events expected in the third quarter.
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Rivian shares rose after beating EV delivery estimates for the second quarter and maintaining its guidance to double production by year end.
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Wedbush analyst Dan Ives believes that ChatGPT will be the "next leg of growth" for Microsoft.
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Digital World Acquisition Corp. said it has reached a preliminary settlement with regulators investigating the special-purpose acquisition company, and the stock is surging.
Shares of DWAC—the SPAC trying to take former President Donald Trump's social-media company public—rose 13% on Wednesday morn
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Netflix upgraded, Coinbase downgraded: Wall Street's top analyst calls
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United Parcel Service said it hasn’t walked away from negotiations with the International Brotherhood of Teamsters, and it is encouraging the union to continue talks to avert a strike.
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Over the past month, the EV-maker has posted better-than-expected delivery numbers, while Amazon.com is rolling out its vans in Europe.
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2023 will surely be looked upon as the year AI went mainstream. Fueled by the rise of ChatGPT, the tech has captured the public’s imagination and it is a topic constantly hogging the headlines. Naturally, investors have also tuned in to the conversation, and AI has been driving the year’s rally in tech stocks. But there are already murmurings regarding a bubble in all things AI, so the question is: has the opportunity already played out this year? Not entirely, appears to be the opinion of one i
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The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy. Duke said it expects about $259 million of proceeds from this sale, which the company would use to help incorporate more than 30,000 megawatts of regulated renewable energy into its system by 2035. Duke's peers such as FirstEnergy and NiSource have also sold stakes in their subsidiaries this year as they seek to invest in cleaner sources of energy.
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The Citi CEO believes in leading with empathy.
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(Bloomberg) -- For oil bulls, one of the biggest caps on prices this year is turning into a tailwind. Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeEarth Keeps Breaking Temperature Records Due to Global WarmingUS Futures Fall as China Data Saps Risk Appetite: Markets WrapLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USOil’s 10% drop so far in 2023 confounded some analyst and trader
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After more than two months of negotiations, UPS and Teamsters, were unable to reach a consensus on a new four-year labor contract.
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The U.S. is looking to restrict Chinese companies' access to U.S. cloud computing services and minutes of the latest Federal Reserve meeting could provide clues into how it will treat upcoming rate hike decisions. Here’s what investors need to know today.
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The bubble burst has been somewhat delayed by A.I. the investment stalwart said—but said it will not delay a crash he believes is inevitable.
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When the bull market roars, growth stocks ramp. Here are 3 of the best high growth stocks surging in 2023.
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Kiwi Camara earned $110 million in pay last year as CEO of CS Disco, a legal tech company worth just $500 million.
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India's Bajaj Auto launched two locally-made Triumph motorcycles on Wednesday, two days after Hero MotoCorp unveiled a locally-made Harley model and adding to the competition in the premium space dominated by Eicher Motors' Royal Enfield. The launch of the two models, made in partnership with UK's Triumph Motorcycles, sent Bajaj Auto shares to a record high of 4,900 rupees. The Triumph Speed 400 will be priced at 233,000 rupees ($2,834), Bajaj Auto said, but did not disclose a price for the Scrambler 400X.
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Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia which pumps around 40% of the world's crude, has been cutting oil output since November in the face of flagging prices. Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil supply cuts on Monday in an effort to send prices higher.
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A shuttered Illinois Jeep assembly plant will be at the center of a power struggle between the United Auto Workers union and Detroit's automakers as the manufacturers double down on cutting costs to fund an accelerated transition to electric vehicles. When the Stellantis factory in the northern Illinois town of Belvidere was idled in February, it left union members in shock as they had not expected the shutdown until June. "They wanted to reduce us even more which seemed like an impossible feat," Matt Frantzen, the local union president in Belvidere, said of the decision following a prior elimination of two work shifts at the factory.
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The giant of contract electronics manufacturing sees revenue drop almost 20% year over year in June, led lower by weakness in smart consumer electronics.
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Amazon.com and Microsoft shares slip after a report says the U.S. is looking to restrict China’s access to cloud-computing services, and Rivian extends gains after strong second-quarter production.
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The right level for interest rates will eventually be much lower, according to financial markets and Federal Reserve policy makers, but that is no certain thing.
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(Bloomberg) -- The collapse of two US auto dealers and a growing pile of delinquent car loans are threatening to deliver losses in a corner of Wall Street that, until now, has been a sea of calm: the asset-backed securities market.Bonds backed by car loans made by U.S. Auto Sales and American Car Center, two used-car dealers that shut their doors earlier this year, have been veering into distress in recent weeks. Borrowers have been falling behind on payments, and Citigroup believes that some of
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↗️ Netflix (NFLX): The streaming giant's stock rose 1.3% in premarket trading after reports it will fine tune its advertising strategy with more targeted ads for sponsors.
↘️ Tesla (TSLA):
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Treasury Secretary Janet Yellen heads to Beijing this week to help warm the relationship between the world’s two biggest economies.
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(Bloomberg) -- Exxon Mobil Corp.’s ambitious expansion in trading is running into a thorny issue: whether or not to pay traders millions of dollars in performance-related bonuses.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyStocks Decline as China Data Saps Risk Sentiment: Mar
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(Bloomberg) -- China’s largest banks cut rates for the nation’s $453 billion corporate US dollar deposits for the second time in a matter of weeks, according to people familiar with the matter, as authorities intensify measures to shore up the struggling yuan.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing a
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Sweden-based Volvo Cars on Wednesday reported a 33% rise in car sales in June from a year earlier, to 66,379 cars. "The overall sales increase was driven by the company's fully electric cars which quadrupled compared to the same period last year," it said in a statement.
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Jordan’s Attarat power plant was envisioned as a landmark project promising to provide the desert kingdom with a major source of energy while solidifying its relations with China. Deals surrounding the plant put Jordan on the hook for billions of dollars in debt to China — all for a plant that is no longer needed for its energy, because of other agreements made since the project’s conception. The result is fueling tensions between China and Jordan and causing grief for the Jordanian government as it tries to contest the deal in an international legal battle.
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(Bloomberg) -- A $1.8 billion project by defaulted Chinese developer Shimao Group Holdings Ltd. failed to find a buyer at a forced auction, underscoring the lack of investment appetite amid a weakening economy. Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Emp
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China's export controls on metals used in making semiconductors are "just a start", an influential trade policy adviser said on Wednesday, as it ramps up a tech fight with the U.S. days before U.S. treasury secretary Janet Yellen visits Beijing. Shares in some Chinese metals companies rallied for a second session, with investors betting that higher prices on gallium and germanium, which Beijing's export restrictions target, could boost revenues. China's abrupt announcement of controls from Aug. 1 on exports of some gallium and germanium products, also used in electric vehicles (EVs) and fibre optic cables, has sent companies scrambling to secure supplies and bumped up prices.
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An inscrutable investor nicknamed the “Czech sphinx” is poised for a showdown with a French spy-turned-tech billionaire in a battle for the control of one of the country’s biggest supermarkets.
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"You want the riskless part of your portfolio to be absolutely riskless," financial author William J. Bernstein.
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An excerpt from the second edition of William J. Bernstein's second edition of The Four Pillars of Investing: Lessons for Building a Winning Portfolio.
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(Bloomberg) -- The Federal Reserve on Wednesday will shed some light on the discussions at their June meeting that left Wall Street perplexed.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Empire Is Disintegrating Bit by BitThe Federal Open Market Committee pau
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(Reuters) -Gold stuck to a narrow range on Wednesday as investors awaited the release of the U.S. Federal Reserve's latest monetary policy meeting minutes later in the day, with a stronger dollar also weighing on prices. Spot gold was little changed at $1,923.66 per ounce by 0243 GMT, while U.S. gold futures rose 0.1% to $1,931.20. The Federal Open Market Committee will issue minutes from its June 13-14 meeting at 1800 GMT.
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Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed.
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At Vanguard, one-fifth of taxable brokerage account investors aged 85 or older have nearly all their money in stocks.
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(Bloomberg) -- Asian equities look set to open lower Wednesday in subdued trading following a holiday for US markets. Oil climbed as traders weighed supply cuts.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeChina Restricts Export of Chipmaking Metals in Clash With USLazard Fires Senior Banker for Inappropriate Behavior at PartyRussian General Still Missing as Defense Chief Slams MutinyBank of America Says it Started Talks With Fed After Stress Test Result
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Have the markets reached the exuberant stage? Bullish sentiment has been the order of the day for a while, and the S&P 500 currently sits at 4,455, reflecting year-to-date gains of 16%. By now, the index has already surpassed the year-end target of 4,400 set by Raymond James’ chief investment officer, Larry Adam. This achievement serves as a bit of vindication for Adam. He went against the prevailing sentiment at the start of the year, which, if you recall, was decidedly bearish due to the downb
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Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed no change in the overall median available rate. These are the current rates as of July 2023.
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Personal loan rates increased slightly this week to 21.38%, a rise of a single basis point since last week when the average personal loan rate sat at 21.37%.
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The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output of goods and services.
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Moderna shares rose 1.5% on Wednesday after signing an agreement with China to research, develop, and make mRNA treatments there.
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Meeting minutes from the Fed's June policy meeting showed continued support for raising interest rates to flight inflation.
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GM shares rose over 1% on Wednesday after reporting second quarter sales were up 18.8% from the same period in 2022 on strong demand as supply chains eased and inventories improved.
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Moneyness is a description of a derivative relating its strike price to the price of its underlying asset.
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An all-cash, all-stock offer is a proposal by one company to purchase all of another company's outstanding shares from its shareholders for cash.
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Extensions, clusters, channels, and more! Discover new ways to put the "golden ratio" to work.
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The first step to finding the right financial advisor is to figure out what sort of professional financial help you need.
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Brookfield Reinsurance agreed to buy the rest of American Equity Life Holding Company that it doesn't already own for $4.3 billion.
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EV automaker Tesla posted another record quarter for deliveries, boosted by strong Chinese sales.
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Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
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U.S. equities declined at midday on Wednesday, July 5, 2023, ahead of the release of meeting minutes from the Fed's June policy meeting.
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Wolfspeed shares jumped more than 17% in early trading on Wednesday after signing a 10-year, $2 billion agreement to supply wafers for Japan's Renesas Electronics Corporation.
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Meta Platforms' (META) new Threads app may have an advantage over competitor Twitter as advertising revenue slows at Elon Musk's social platform. Meanwhile, Meta's Instagram dominates the market for sponsored content.
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A fixed-rate certificate of deposit (CD) is a low-risk investment instrument that has a set interest rate over its entire term.
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Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.
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This controversial monetary policy has been used by some of the world's most powerful economies. But does it work?
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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.
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An adhesion contract refers to an agreement where one party has substantially more power than the other in creating the contract terms and conditions.
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Rivian shares rose after beating EV delivery estimates for the second quarter and maintaining its guidance to double production by year end.
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Calculated intangible value is a method of valuing a company's intangible assets. Intangible assets include patents and other intellectual property.
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UPS shares fell by about 2% in pre-market trading on Wednesday after the talks with Teamsters ended without an agreement, increasing the risk of a strike.
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The U.S. is looking to restrict Chinese companies' access to U.S. cloud computing services and minutes of the latest Federal Reserve meeting could provide clues into how it will treat upcoming rate hike decisions. Here’s what investors need to know today.
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Learn about the top five financial planning software programs that are most commonly used by professional financial advisors.
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While the Federal Reserve normally uses short-term interest rates to manage the economy, yield curve control does that by targeting long-term rates.
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Business development: Learn about the basic strategic ideas, initiatives, and activities, aimed toward making a business better.
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Afgelopen jaar werd 8,1 miljard kilo huishoudelijk afval opgehaald en ingezameld bij de milieustraat. Dat is iets meer dan 460 kilo per inwoner en de kleinste hoeveelheid sinds 1994, toen het 478 kilo per persoon was.
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Werkgevers zetten de komende maanden hun hakken in het zand aan de cao-tafels, blijkt uit een rondgang van NU.nl. Bedrijven zijn voorzichtiger vanwege de onzekere economische situatie en vinden dat ze werknemers genoeg hebben gecompenseerd door de lonen flink te verhogen.
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De Europese Commissie onderzoekt of het wettelijk mogelijk is een einde te maken aan de handel in losse haaienvinnen. Ruim een miljoen Europeanen steunden een Europees burgerinitiatief daartoe, waaronder bijna 23.0000 Nederlanders.
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In mei is er bijna 7,4 miljard euro aan spaargeld bij gekomen. Alleen in het eerste coronajaar, toen Nederland in lockdown zat, legden spaarders in mei meer spaargeld in.
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In mei is er bijna 7,4 miljard euro aan spaargeld bij gekomen. Alleen in het eerste coronajaar, toen Nederland in lockdown zat, legden spaarders in mei meer spaargeld in.
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Verzekeraar Interpolis heeft woensdag halverwege de dag al een paar honderd schademeldingen binnengekregen vanwege zomerstorm Poly. Ook zorgt de storm ervoor dat we langer moeten wachten op pakketjes of de boodschappen, terwijl treinritten en vluchten zijn geannuleerd.
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Verzekeraar Interpolis heeft woensdag halverwege de dag al een paar honderd schademeldingen binnengekregen vanwege zomerstorm Poly.
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Het treinverkeer in een groot deel van Nederland is woensdagochtend stilgelegd vanwege storm Poly. Reizigers die daardoor halverwege stranden, veel later aankomen of niet op hun bestemming kunnen komen, komen bij NS en Arriva in aanmerking voor een vergoeding.
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Poly raast woensdag over Nederland. Met deze vier apps houd je in de gaten waar de storm het hevigst woedt en hoe laat hij zijn hoogtepunt bereikt.
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Threads, Instagrams alternatief voor Twitter, is donderdag nog niet beschikbaar in Nederland. De app komt eerst uit in de Verenigde Staten en het Verenigd Koninkrijk, meldt het Ierse Independent.
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Dynamische energiecontracten worden in ons land steeds populairder. Sinds het begin van dit jaar is het aantal huishoudens met zo'n contract ruim verdriedubbeld.
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Dynamische energiecontracten worden in ons land steeds populairder. Sinds het begin van dit jaar is het aantal huishoudens met zo'n contract ruim verdriedubbeld.
Het treinverkeer in een groot deel van Nederland is woensdagochtend stilgelegd vanwege storm Poly. Reizigers die daardoor halverwege stranden, veel later aankomen of niet op hun bestemming kunnen komen, komen bij NS in aanmerking voor een vergoeding. Maar Arriva beroept zich op overmacht.
Poly raast woensdag over Nederland. Met deze vier apps houd je in de gaten waar de storm het hevigst woedt en hoe laat hij zijn hoogtepunt bereikt.
Mensen die wachten op pakketjes of boodschappen zullen moeten wachten tot storm Poly gaat liggen. Ook post- en flitsbezorgers blijven zoveel mogelijk thuis nu het noodweer over Nederland raast.
Veiligheidsregio Amsterdam-Amstelland heeft in allerijl een liveblog opgezet om mensen op de hoogte te houden van zomerstorm Poly. Ontvangers van een NL-Alert wordt geadviseerd updates te bekijken op het Twitter-account van Brandweer Amsterdam-Amstelland. Maar die zijn niet voor iedereen zichtbaar.
Meer dan een kwart van de werkenden is in het eerste kwartaal van dit jaar uitgevallen door stress of burn-outklachten. De stijging van het verzuim is vooral zichtbaar in de leeftijdsgroep 25 tot 45 jaar.
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De Belgische vakbond CNE roept consumenten op om supermarktketen Delhaize te boycotten. Op die manier moet de supermarktketen zoveel mogelijk omzet mislopen.
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In het tweede kwartaal van dit jaar zijn 92.999 hypotheekaanvragen ingediend. Dat is een daling van 34,5 procent ten opzichte van dezelfde periode vorig jaar.
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Huishoudens hielden gemiddeld 547 euro per maand over in het eerste kwartaal van 2023. Dat is meer dan vorig jaar, toen we ons geld makkelijker konden oppotten door een lockdown.
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Ons energieverbruik was in 2022 lager dan het in de afgelopen dertig jaar is geweest. We verstookten vooral minder aardgas, als gevolg van de hoge prijzen. Dat blijkt uit cijfers van statistiekbureau CBS.
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Werkgevers zetten de komende maanden hun hakken in het zand aan de cao-tafels, blijkt uit een rondgang van NU.nl. Bedrijven zijn voorzichtiger vanwege de onzekere economische situatie en vinden dat ze werknemers genoeg hebben gecompenseerd door de lonen flink te verhogen.
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A precious metals dealer has been asked to pay $146 million in damages after over 500,000 silver coins disappeared. Robert Higgins ran a "fraudulent and deceptive scheme", says the CFTC.
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(Bloomberg) -- An Asia fund manager whose investments in China shares helped her beat 99% of peers over five years is becoming less enthusiastic and turning instead to its neighbor Japan.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Empire Is Disintegrating Bi
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(Bloomberg) -- Casino Guichard-Perrachon SA unveiled offers from rival billionaires seeking to win support of the French grocer and its creditors in a battle for control of the firm.Under the proposal made by Czech financier Daniel Kretinsky and Marc Ladreit de Lacharrière’s Fimalac — both of which are existing shareholders — the company would get a €1.35 billion ($1.47 billion) equity injection, the company said in a statement on Tuesday.Casino also outlined the details of a rival bid made by a
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Learn about which types of mutual funds pay the highest dividends, including how dividend stock and bond funds generate the highest dividend yields.
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Blackstone real estate investment trust (BREIT), which recently made news for exercising a clause that restricted owner withdrawals for several consecutive months, has not taken the news lying down. The real estate investment trust (REIT) is still trying to raise money for its shareholders and recently announced the sale of $3.1 billion worth of its commercial portfolio. It also is rumored to be considering a sale of its Las Vegas portfolio. Strength in the Industrial Sector Although much of the
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Brian Belski laid out a bullish scenario where better-than-expected tech and bank earnings power the benchmark index 13% higher.
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For Chinese electric car manufacturers, Europe has long been a priority destination for international expansion. With its affluence, environmental consciousness, and relatively friendly attitude towards China, the continent has attracted established players like BYD as well as emerging brands like Nio and Xpeng. Despite their ambitious plans, Chinese EV makers yet to achieve the level of success they had hoped for in Europe.
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(Bloomberg) -- Oil traded near $76 a barrel as traders assessed the latest efforts from OPEC+ linchpins Saudi Arabia and Russia to prop up prices by curbing supply.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyLazard Fires Senior Banker for Inappropriate Behavior at PartyBank of America Says it Started Talks With Fed After Stress Test ResultsMusk, Zuckerberg Lead a $852 Billion Surge Among World’s Ri
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(Bloomberg) -- Inflation, higher interest rates and declining real estate values are worsening wealth inequality in Canada, with younger households bearing the brunt of the financial pain.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyLazard Fires Senior Banker for Inappropriate Behavior at PartyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBank of America Says it Started Talks With F
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There's a lot to consider when it comes to retirement planning, starting with what kind of lifestyle you'd like to enjoy. For some retirees, it involves travel. For others, it can mean moving to a new location to be closer … Continue reading → The post How to Determine Your Retirement Lifestyle appeared first on SmartAsset Blog.
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Pay off student loans or invest? It's an important question to consider as the answer can shape your financial future. On one hand, throwing all of your extra money at student loan debt can help you relieve that burden faster. … Continue reading → The post Should You Pay Off Student Loans or Invest? appeared first on SmartAsset Blog.
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The basic concept of retirement is straightforward. If you work a certain number of years and then you are able to stop working and simply enjoy life. What's not so simple is knowing how many years you have to work … Continue reading → The post How Many Years Do You Have to Work to Retire? appeared first on SmartAsset Blog.
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FRO, BRY, NAT, GNK, and TWO lead peers by forward dividend yield
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Accountants who checked the inventory in the vaults said some customers didn't even have a deposit box.
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Apple now towers as a textbook case of a stock so richly valued that its future returns will likely prove extremely poor.
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The two-year yield has risen more than the 10-year yield, steepening the inversion over the past few months.
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(Bloomberg) -- Mackenzie Investments, one of Canada’s largest fund managers, is turning less optimistic about stocks and sees better value in bonds after the 13% rally for global equities in the first half. Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyLazard Fires Senior Banker for Inappropriate Behavior at PartyMusk, Zuckerberg Lead a $852 Billion Surge Among World’s Richest PeopleBank of America S
( 8
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(Bloomberg) -- Tesla Inc.’s China output increased almost 20% in June, contributing to the company’s record quarterly sales.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeChina Restricts Export of Chipmaking Metals in Clash With USLazard Fires Senior Banker for Inappropriate Behavior at PartyRussian General Still Missing as Defense Chief Slams MutinyBank of America Says it Started Talks With Fed After Stress Test ResultsThe US electric-vehicle maker led by
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Producers have less control over global crude shifts than they would like.
( 27
min )
Chinese cloud computing services provider UCloud Technology Co said it faces uncertainty in securing advanced semiconductors from Nvidia Corp amid high demand, as tightened US export restrictions on such chips continue to impede China's artificial intelligence (AI) development efforts. Shanghai-based UCloud, which offers infrastructure-as-a-service and AI service platforms to internet firms and traditional enterprises, on Monday told investors that its orders of Nvidia's A800 graphics processing
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min )
Bond losses and economic uncertainty are keeping potential mergers on hold—for now.
( 32
min )
The chief executives of Pinterest, Peloton and Hertz are among those who outearn Apple’s Tim Cook—and hundreds of others who lead bigger companies.
( 26
min )
With U.S. investors on vacation, low volumes could introduce choppy trading in cryptos, raising the prospect of a fresh local high for Bitcoin.
( 24
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(Bloomberg) -- China’s decision to control the export of two key metals showed it has some power to retaliate against moves by the US, Japan and Europe to cut Beijing off from advanced technology. But it also risks backfiring. Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyBank
( 9
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Bill Gates' biggest U.S. stock investments have surged in 2023’s bull market. Shares of Republic Services and Ecoloab, in which he owns large stakes, have risen to records.
( 24
min )
(Bloomberg) -- The rally in global shares paused Tuesday amid lackluster trading as US futures fluctuated and Japanese equities weighed down a gauge of Asia stocks.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks With Fed After Stress Test ResultsMusk, Zuckerberg Lead a $852 Billion Surge Among World’s R
( 9
min )
(Bloomberg) -- Billionaire Cameron Winklevoss, co-founder of the Gemini Trust Co. crypto platform, outlined what he termed a “best and final offer” for digital-asset lender Genesis Global Holdco’s bankruptcy restructuring.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandMusk, Zuckerberg Lead a $852 Billion Surge Among World’s Richest PeopleB
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"From what I've seen, they haven't narrowed down the countries targeted by the export restrictions, but since Japan, the U.S., and the Netherlands will naturally be included, I think it's fair to say that this is a de facto retaliatory measure." With roughly 90% of global production of these minor metals, China has hit the American trade restrictions where it hurts.
( 6
min )
(Bloomberg) -- Bearish bets on Chinese electric vehicle maker XPeng Inc. have reached a record high as its share prices almost doubled in recent weeks, suggesting investors are skeptical the rally can last. Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks With Fed After Stress Test ResultsMusk, Zuckerber
( 8
min )
(Bloomberg) -- China’s decision to control the export of two key metals showed it has some power to retaliate against moves by the US, Japan and Europe to cut Beijing off from advanced technology. But it also risks backfiring. Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks With Fed After Stress Test Re
( 9
min )
Bitcoin climbed above US$31,000 on Tuesday morning in Asia after Blackrock refiled its Bitcoin ETF application. Ether also gained amid institutional interest.
( 8
min )
The Global Industry Classification Standard (GICS) and the Industrial Classification Benchmark (ICB) both assign stocks to appropriate sectors and industries. Here's how they differ.
( 23
min )
Experts foresee mortgage rates dropping again and predict homebuying will pick up by the end of the year as home prices fall.
( 19
min )
Learn about which types of mutual funds pay the highest dividends, including how dividend stock and bond funds generate the highest dividend yields.
( 19
min )
Gross profit margin and net profit margin are two profitability ratios used to assess a company's financial stability and overall profitability.
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min )
While women’s accounts lag across all generations, the 23% 401(k) gender gap for Millennials was the lowest as younger women start saving more for retirement.
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min )
A dependent care FSA allows you to save pretax dollars and can lower your taxable income to support a dependent child or adult.
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The small business health care tax credit can make a difference for those who offer qualified health plans to employees through the SHOP Marketplace.
( 23
min )
Fourier analysis uses statistics to find patterns in a time series.
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min )
FRO, BRY, NAT, GNK, and TWO lead peers by forward dividend yield
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Among the most popular investment vehicles, there are advantages and disadvantages to consider before investing in mutual funds.
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Bitcoin—not necessarily the entire U.S. cryptocurrency market—may be on the cusp of a bullish run in the second half of 2023, according to analysts, driven by greater adoption by traditional financial firms.
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min )
China beperkt vanaf 1 augustus de export van twee belangrijke grondstoffen voor chips. Het land is veruit de grootste producent van germanium en gallium. De stap volgt op het besluit van het Nederlandse kabinet om de uitvoer van chipmachines naar China te beperken.
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China beperkt vanaf 1 augustus de export van twee belangrijke grondstoffen voor chips. Het land is veruit de grootste producent van germanium en gallium. De stap volgt op het besluit van het Nederlandse kabinet om de uitvoer van chipmachines naar China te beperken.
( 4
min )
Leerlingen die vanaf 1 januari 2024 een telefoon meenemen in de klas, moeten daar een goede reden voor hebben. Het ministerie van Onderwijs komt met een dringend advies voor scholen, blijkt uit een kamerbrief van minister Robbert Dijkgraaf.
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min )
Het wordt deze zomer druk op Schiphol. Tijdens de zomervakantie, die voor de Regio Midden vrijdag begint, vertrekt een kwart meer reizigers dan een jaar eerder. De luchthaven verwacht gemiddeld 68.000 vertrekkende passagiers per dag.
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min )
Bij uitzendbureaus gaat nog steeds veel mis. De identiteit van werknemers wordt nog vaak niet nagetrokken en veel uitzendkrachten worden onderbetaald. Met name arbeidsmigranten zijn de dupe van de overtredingen.
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min )
Zeven grote techbedrijven, waaronder Apple en Amazon, hebben zich vanwege een nieuwe techwet bij de Europese Commissie gemeld. Met diensten waar we bijna niet omheen kunnen, hebben deze concerns een poortwachtersfunctie. Voor zulke bedrijven gaan binnenkort strengere concurrentieregels gelden.
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min )
Om personeelstekorten het hoofd te bieden, kunnen deeltijders in de kinderopvang meer uren werken. Het eerste proefproject leidt al tot resultaat. Bijna een op de vijf medewerkers heeft het eigen contract uitgebreid.
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min )
Twitter-gebruikers zijn niet blij met een nieuwe regel op het platform. En het is niet de eerste keer dat er problemen zijn. Techredacteur Rutger Otto van NU.nl legt uit wat er aan de hand is en wat de gevolgen zijn.
( 3
min )
Techbedrijven die onze privacy schenden, benadelen bedrijven die zich wél netjes aan de regels houden. Dat heeft het Europese Hof van Justitie bepaald. Daarom mag privacyschending voortaan ook door een concurrentiewaakhond worden aangepakt. En dat kan techbedrijven fikse boetes opleveren.
( 4
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De Europese draagraket Ariane 5 gaat dinsdag rond 23.30 uur voor de laatste keer de lucht in. Na bijna twintig jaar en 117 missies stopt de Europese ruimtevaartorganisatie met de raket. Maar een opvolger staat nog niet direct klaar.
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Techbedrijven die onze privacy schenden, benadelen bedrijven die zich wél netjes aan de regels houden. Dat heeft het Europese Hof van Justitie bepaald. Daarom mag privacyschending voortaan ook door een concurrentiewaakhond worden aangepakt. En dat kan techbedrijven fikse boetes opleveren.
( 4
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De basisbeurs is na acht jaar weer terug en dat weten studenten aan hogescholen en universiteiten maar al te goed. In twee weken tijd hebben al 209.000 studenten die basisbeurs aangevraagd.
( 3
min )
Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Directeur Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.
( 4
min )
Meta, de eigenaar van Facebook en Instagram, brengt donderdag Threads uit. De app moet rechtstreeks met Twitter gaan concurreren. De timing is opvallend, want veel gebruikers van Twitter klagen over alle veranderingen die in korte tijd in de app zijn doorgevoerd.
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Webwinkels die producten via bol.com of Amazon verkopen, worden niet scherp genoeg gecontroleerd. Dat concludeert de Consumentenbond, die heeft getest of het mogelijk was om onveilige producten via de platformen te verkopen. Vaak kon dat gewoon.
( 3
min )
Huiseigenaren en verenigingen van eigenaren (vve's) wisten vorig jaar de weg naar verduurzamingsleningen goed te vinden. Ze leenden samen 272 miljoen euro om zonnepanelen, isolatie of warmtepompen aan te schaffen. In 2021 ging het nog om 106 miljoen euro.
( 3
min )
Nederlanders betaalden in 2022 ruim 1,2 miljard keer met iDEAL. Op Black Friday verwerkte het bedrijf een recordaantal van 6,1 miljoen betalingen.
( 3
min )
We kopen online weer massaal kaarten voor evenementen en pretparken. Verder besteden we meer aan vliegtickets, pakketreizen en accommodaties. Nederlanders hebben in het eerste kwartaal online 8,5 miljard euro uitgegeven, een stijging van 5 procent ten opzichte van vorig jaar.
( 4
min )
Nikola in August agreed to buy Romeo Power for about $144 million in stock, as it looked to jump-start efforts to make battery packs. "Nikola is discontinuing its operations with Romeo Power and has commenced a proceeding under the California Assignment for the Benefit of Creditors (ABC) statutory scheme," a company spokesperson said in a statement on Monday. Nikola's struggles mirror those at many other EV startups.
( 7
min )
Every investor wants a portfolio that will generate returns, but finding the right stocks for that is always a challenge. The analysts at Goldman Sachs have developed a data-based rule to sort through the mass of stocks and find the shares that are going to bring in solid returns. The key to Goldman’s ‘Rule of 10’ lies in each company’s projected sales growth – the firm looks for stocks with potential to show a multi-year CAGR of 10% or higher. According to David Kostin, the bank’s Chief Investm
( 10
min )
(Bloomberg) -- Buoyed by the response to its first bond issue in two years, Petroleo Brasileiro SA is considering issuing more debt this year and is poised to buy assets after spending most of the past decade selling refineries and oil-exploration blocks.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks W
( 8
min )
(Bloomberg) -- When it comes to the bond market, it’s Morgan Stanley vs Bill Dudley now.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnChina Restricts Export of Chipmaking Metals in Clash with USFrench Riots Begin to Abate Even as Economic Costs MountIn their latest assessment of the bond market outlook, Morgan Stanley strategists are challenging the former head of the Federal Reserve Bank of N
( 8
min )
(Bloomberg) -- Chicago’s pension burden climbed last year after the city’s retirement funds lost money due to volatile markets, deepening the long-standing fiscal woes for new Mayor Brandon Johnson.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandChina Restricts Export of Chipmaking Metals in Clash with USBridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and StocksRussian General Still Missing as Defense Chief Slams MutinyIt’s Getting a Lot Harder to
( 6
min )
The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said that Coinbase Global Inc will provide market surveillance in support of the proposed ETF from the world's largest asset manager. The move comes after the regulator reportedly had concerns over the initial filings by Nasdaq as being unclear and incomplete. It had flagged similar concerns to Cboe related to a filing from Fidelity.
( 7
min )
The refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn't specify the name of the underlying market in so-called surveillance-sharing agreements.
( 7
min )
(Bloomberg) -- China is clamping down on exports of two obscure yet crucial metals in an escalation of the trade war on technology with the US and Europe.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and StocksBank of America Says it Started Talks With Fed After Stress Test ResultsB
( 7
min )
Shares of crypto exchange Coinbase Global climbed nearly 12% Monday after Cboe Global Markets refiled applications for spot bitcoin exchange-traded funds, saying it expects Coinbase to help monitor trading.
The Securities and Exchange Commission returned earlier filings to Cboe and the Nasdaq becau
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min )
Benchmark's Michael Ward recommended buying shares of the used-car retailer in a research note on Monday.
( 24
min )
Expectations of another rate hike by the Federal Reserve to tame stubbornly high inflation helped push a closely watched part of the U.S. Treasury yield curve to its deepest inversion since 1981 on Monday, once again putting a spotlight on what many investors consider a time-honored recession signal. The U.S. central bank has hiked interest rates aggressively over the last year to fight inflation that hit around 40-year highs and remains above its 2% target rate. The yield curve inverts when shorter-dated Treasuries have higher returns than longer-term ones.
( 8
min )
(Bloomberg) -- A key segment of the US Treasury yield curve approached its most inverted level in decades Monday as traders priced in further Federal Reserve policy tightening.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandChina Restricts Export of Chipmaking Metals in Clash with USBridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and StocksRussian General Still Missing as Defense Chief Slams MutinyIt’s Getting a Lot Harder to Chase the Stock Rally
( 7
min )
Shares of Coinbase, the largest U.S. cryptocurrency platform, jumped 13% on Monday after exchange operator Cboe said it was working with the cypto company in its effort to launch a spot bitcoin exchange-traded fund. Cboe on Friday refilled an application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund by asset manager Fidelity.
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min )
Executives at the cruise operator see demand accelerating as bookings of future sailings soar.
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min )
Industry executives see Beijing’s export ban on gallium and germanium as retaliation over chip curbs by the U.S. and others.
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min )
"Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."
( 8
min )
The electric-vehicle maker’s stock is on pace for its largest percent increase and best five-day stretch since November.
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Tesla shares are headed for their best one-day percentage gain since March after the electric-vehicle maker posted record quarterly sales.
[Tesla’s stock (TSLA)](https://www.wsj.com/market-da
( 21
min )
Five of the six largest U.S. banks announced plans to boost their dividend last week after the Federal Reserve said they could [withstand a severe recession.](ht
( 22
min )
(Bloomberg) -- The narrative propelling the global stock rally since mid-March goes like this: The US economy will hold up fine in the face of higher interest rates, and China’s stimulus efforts will help keep that nation’s post-pandemic recovery chugging along. Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandChina Restricts Export of Chipmaking Metals in Clash with USIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnBridgewater’s Greg Jensen S
( 8
min )
The Chinese auto companies delivered a combined 51,902 vehicles in June, a record for any month and up from 41,280 delivered in June 2022.
( 24
min )
The Chinese auto manufacturer sold more than 700,000 EVs in the second quarter, up almost 100% compared with last year.
( 27
min )
The company produced 13,992 electric vehicles in the second quarter and sold 12,640. Investors are happy.
( 24
min )
It’s no secret that 2023 has, so far, been a good year for investors. Stocks are showing strong gains – more than 16% on the S&P 500, and double that on the tech-heavy NASDAQ. It’s a dramatic turnaround from the bear market that plagued investors last year. These gains, and the overall positive outlook, were laid out clearly by Deutsche Bank’s head of global economics and thematic research, Jim Reid. In his recent note, Reid recalls the worries from the start of the year but looks forward to the
( 11
min )
A correction in real estate investments trusts has put the sector on sale. Where to find 6% yields and growth.
( 52
min )
Electric-vehicle maker Rivian Automotive said on Monday it delivered 12,640 vehicles in the second quarter, a 59% jump from the previous quarter. It produced 13,992 vehicles at its manufacturing facility in Normal, Illinois during the same period. Shares of the company rose 4% to $17.3 in premarket trading.
( 6
min )
The company's Worldpay payments business is being valued at more than $15 billion, according to a report in the Financial Times.
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min )
Tesla delivered 466,140 vehicles in the second quarter of 2023. Wall Street was looking for roughly 445,000 to 447,000 units.
( 24
min )
The Japanese stock market is roaring again as companies known for amassing cash hand it back to shareholders via dividends and buybacks.
( 27
min )
(Bloomberg) -- Rivian Automotive Inc. built more battery-electric vehicles last quarter than Wall Street had anticipated as the company works to ramp up production and overcome a string of supply-chain issues.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSThe company also reaffirm
( 7
min )
The spread between the 2-year and 10-year U.S. Treasury note yields hit the widest since 1981 at -110.80 basis points in early trade, a deeper inversion than in March during the U.S. regional banking crisis.
( 5
min )
When the bull market gets going, Technology shines.
( 7
min )
The deals are expected to fund upgrades to electricity-delivery systems as green-energy competition rises.
( 31
min )
Russia and Saudi Arabia announced plans Monday to restrict oil supplies to global markets through August.
Oil prices rose, with the most actively-traded contract for Brent futures rising about 1% to trade at $76.15 a barrel.
Russia will voluntarily cut its exports by 500,000 barrels a day in Aug
( 21
min )
The popular lending and borrowing protocols have seen hefty gains over the last 24 hours, which comes on the heels of a recent Ethereum rally.
( 7
min )
Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on its premarket share moves. At $277, the stock has already more than doubled in value this year and risen far above price targets set by analysts, prompting caution from some brokerages that margins will suffer because of the aggressive discounting spree.
( 7
min )
The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.
( 8
min )
The massive rally in Apple's shares is forcing some fund managers to revisit a thorny dilemma: they may not own enough of the stock. Apple’s share price has soared 49% so far this year, ballooning its weight in stock indexes to record levels and pushing its market capitalization over $3 trillion. That hefty weighting means moves in Apple’s shares have an outsized influence on index performance.
( 8
min )
UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after its takeover of Credit Suisse. UBS recruited 50 financial advisers, including from Bank of America's Merrill Lynch unit, JPMorgan Chase's recently acquired First Republic Bank, Citigroup and Wells Fargo, on the first half of the year. Of those, 30 came after the Credit Suisse deal was announced in March.
( 8
min )
The tech giant is scaling back the manufacturing of its Vision Pro goggles for 2024, the Financial Times reported.
( 24
min )
Cryptos dropped last Friday following a report that the SEC called high-profile applications for Bitcoin ETFs inadequate. Traders now don't seem phased.
( 27
min )
↗️ Tesla (TSLA): The electric carmaker's stock rose 6.3% premarket after the company posted a record quarter for sales. Other U.S. EV makers incl
( 21
min )
The Supreme Court’s decision to eliminate affirmative action hits workplaces as diversity initiatives face pressure from supporters and skeptics.
( 31
min )
(Bloomberg) -- Sweden’s embattled landlords are facing intensifying pressure to sell properties to raise cash, as $17 billion in debt matures over the next 18 months. Most Read from BloombergIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla and BYD Post Record Sales on Surge in Electric-Car DemandFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSWhile real estate companies have resisted forced sales, time to act
( 9
min )
Tesla announced second quarter deliveries of just 466,000 units Sunday, a record and about 4% higher than the roughly 445,000 to 447,000 Wall Street was looking for. Now analysts are weighing in.
( 24
min )
Stock futures were mixed Monday ahead of the shortened holiday week but there were still plenty of movers in early trading.
( 24
min )
(Bloomberg) -- Tesla Inc. and BYD Co. set sales records in the second quarter, widening their lead as the world’s best-selling electric-car makers.Most Read from BloombergIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountTesla, BYD Post Record Sales on Demand for Electric VehiclesSingapore’s Star Banker Creates a Succession Dilemma for DBSElon Musk-led Tesla delivered 466,140 cars worldwide, outpacing Wall Street estimates. BYD
( 8
min )
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes. Higher reinsurance rates can affect the premiums which insurers charge to their customers. U.S. reinsurance rates for policies which previously faced claims for natural catastrophes rose 30-50%, Gallagher Re said.
( 6
min )
Lowe’s is topping home-improvement rival Home Depot this year, as we thought it would. Rite Aid stock dropped to a multidecade low.
( 24
min )
(Bloomberg) -- Southeast Asia is home to some of the world’s worst-performing stock indexes this year after foreign funds rotated out of the region into technology-heavy markets in North Asia. Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla, BYD Post Record Sales on Demand for Electric VehiclesUnited May Cut Newark Flights as It Seeks More Gates to Stem DelaysMost of the equity benchmarks in the
( 7
min )
Barron’s checked in with investment strategists for their best advice for the second half of the year.
( 24
min )
Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. Headline inflation has eased but underlying pressures remain high, keeping central banks hawkish. Canada resumed tightening and Britain and Norway made big moves in June, while U.S. Federal Reserve and European Central Bank officials at last week's Sintra forum signalled more rate hikes.
( 8
min )
(Bloomberg) -- The yuan spiked in opening trading Monday, in a hint that authorities may have taken another tool back out of the box to help stabilize the under-pressure currency.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla, BYD Post Record Sales on Demand for Electric VehiclesUnited May Cut Newark Flights as It Seeks More Gates to Stem DelaysThe onshore yuan jumped as much as 0.5% to trade ex
( 6
min )
Billionaire Masayoshi Son said he would make SoftBank “the investment company for the AI revolution” but he missed out on the most recent frenzy.
( 30
min )
The yen remained hunkered just below the psychologically important barrier of 145 per U.S. dollar on Monday, while the dollar was on the back foot after U.S. economic data last week showed slightly easing inflation and consumer spending. The yen weakened 0.03% to 144.38 per dollar in early Asian hours to kick start the second half of the year having dropped 9% against the dollar in the first six months of the year. Against the euro, the yen was hovering at 157.495, below the 15-year low of 158 it touched last week.
( 8
min )
(Bloomberg) -- Asian shares were primed to open higher Monday as positive momentum from a rally on Wall Street and signs of moderating US inflation underpinned support for global stocks.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsFutures contracts for equities in Japan, Austr
( 9
min )
(Bloomberg) -- Tesla Inc. delivered a record 466,140 cars worldwide in the second quarter, outpacing Wall Street estimates.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsThe results, posted Sunday, demonstrated that Chief Executive Officer Elon Musk’s vow to chase volume by cutt
( 8
min )
Bitcoin traded flat above US$30,000 while most other leading token were mixed. Litecoin and Solana saw the biggest gains among the top 10 tokens.
( 8
min )
Nederlanders betaalden in 2022 ruim 1,2 miljard keer met iDEAL. Op Black Friday verwerkte het bedrijf een recordaantal van 6,1 miljoen betalingen.
( 3
min )
Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Directeur Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.
( 4
min )
De ruim 61.000 werknemers op mbo's kunnen rekenen op een flinke loonsverhoging, die voor de lagere inkomens kan oplopen tot 12 procent. Verder krijgen zij een eenmalige beloning van 1.000 euro bruto. Ook worden de jeugdlonen vanaf achttien jaar afgeschaft.
( 3
min )
De Autoriteit Consument & Markt (ACM) heeft dinsdag groen licht gegeven voor een miljoeneninvestering van investeringsmaatschappijen Verlinvest en JamJar in Tony's Chocolonely.
( 4
min )
Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Directeur Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.
( 4
min )
Minimaal tienduizenden Nederlanders met zonnepanelen kwamen zondag bedrogen uit. De prijs van stroom zakte tot onder nul, waardoor ze moesten betalen om de energie die ze niet gebruiken, terug te leveren aan het net. Die rekening kon oplopen tot enkele tientjes.
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min )
Investeringsmaatschappij Verlinvest mag chocoladefabrikant Tony's Chocolonely overnemen. Dat heeft de Autoriteit Consument & Markt maandag bepaald.
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Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Voorzitter Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.
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Saoedi-Arabië gaat de vrijwillige verlaging van de olieproductie met een maand verlengen.
Dat meldt de oliestaat in een verklaring die is gepubliceerd door staatspersbureau Saudi Press Agency.
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Saoedi-Arabië gaat de vrijwillige verlaging van de olieproductie met een maand verlengen. En dat is slecht nieuws, want dat kan ervoor zorgen dat benzine en diesel aan de Nederlandse pomp mogelijk nog duurder wordt.
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Het kabinet wil het aanbod van duurzame energie in de komende decennia zoveel mogelijk uitbreiden. Daarbij moet de overheid strakkere controle houden over de aanleg van alle benodigde kabels en elektriciteitsstations, zodat er geen schaarste ontstaat.
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Als het aan minister Carola Schouten (Armoedebeleid) ligt, krijgt een deel van de uitwonende studenten een eenmalige energietoeslag van 400 euro.
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min )
Klanten van ING kunnen vanaf vandaag contant geld opnemen zonder betaalpas, maar met een zogenoemde cashcode. Die kun je opvragen via de ING-app.
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min )
De ruim 61.000 werknemers op de mbo's kunnen rekenen op een flinke loonsverhoging, die voor de lagere inkomens kan oplopen tot 12 procent. Verder krijgen zij een eenmalige beloning van 1.000 euro bruto. Ook worden de jeugdlonen vanaf achttien jaar afgeschaft.
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Klanten van ING kunnen vanaf vandaag contant geld opnemen zonder betaalpas, maar met een zogenoemde cashcode. Die kun je opvragen via de ING-app.
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min )
Schiphol breidt de mogelijkheid uit om een tijdstip te reserveren om door de beveiligingscontrole te gaan. In eerste instantie kon je hier alleen gebruik van maken als je binnen Schengen reisde. Nu kan het in principe voor alle vliegreizen.
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min )
De 20 miljoen euro die vandaag beschikbaar was als tegemoetkoming in de studiekosten vanuit de overheid, was binnen twee uur vergeven. Het is ruim 24.000 mensen gelukt om een aanvraag te doen.
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Ons gebruik van sociale media verandert. We plaatsen minder over onszelf op Facebook, maar delen juist meer in kleine WhatsApp-groepen met vrienden of familie. Jongeren ruilen Instagram in voor TikTok. Al die veranderingen zijn voor Facebook-moederbedrijf Meta een grote uitdaging.
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De Europese Unie overweegt een Russische bank weer toegang te geven tot het wereldwijde financiële systeem. Die stap is nodig om de graandeal te redden.
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Heineken neemt afscheid van de Nederlandse Pepsi-bottelaar Vrumona. De bierbrouwer wil zich meer richten op bieren in plaats van de zoete Vrumona-drankjes. Een Deens frisdrankbedrijf koopt het onderdeel over.
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min )
Kunstmatige intelligentie als ChatGPT maakt het voor cybercriminelen makkelijker om malware te ontwikkelen. Ook helpt AI kwaadwillenden om bijvoorbeeld phishingmails geloofwaardiger te maken. Daarvoor waarschuwt de Nationaal Coördinator Terrorismebestrijding en Veiligheid (NCTV).
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min )
Autofabrikant Tesla heeft met de verkoop van 466.140 auto's een geslaagd tweede kwartaal achter de rug. Dat is 83 procent meer dan een jaar eerder.
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Vandaag om 10.00 uur gaat het loket voor het STAP-budget in de huidige vorm voor het laatst open. Daarna worden de regels aangepast, maar het is nog niet bekend hoe precies. Na dit jaar stopt de regeling helemaal.
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Klanten van Albert Heijn zien nog te vaak andere bedragen op de kassabon dan ze in de winkel zien, meldt de Consumentenbond. Zo hangen er bij 'prijsfavorieten' borden met een lager bedrag dan de klant daadwerkelijk afrekent.
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Er zit weinig schot in de klimaatafspraken die het kabinet wil maken met de twintig grootste CO2-uitstoters. Het kabinet wilde de onderhandelingen dit jaar al afronden, maar het blijft voorlopig bij een handvol intentieverklaringen.
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Airbnb's business in North America brings in half of the revenue for the company.
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The quick answer to this question is that an IPO can be shorted upon initial trading, but it is not an easy thing to do at the start of an offering.
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Scale in is the process of purchasing shares in increments once a stock dips to a certain price and continuing to buy until the stock stops falling.
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min )
European Medicines Agency (EMA) is a government entity that promotes access to and approval of medications in European countries.
( 19
min )
Credit default insurance is a financial agreement to mitigate the risk of loss from default by a borrower or bond issuer.
( 19
min )
Financial independence is not easy, but with careful planning and a little bit of luck it is possible.
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min )
The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies
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min )
The Russell 1000 Index, a subset of the Russell 3000 Index, represents the 1000 top companies by market capitalization in the United States.
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min )
The Russell 2000 Index measures the performance of the 2,000 smaller stocks that are listed in the Russell 3000 Index.
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min )
Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
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min )
The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic product.
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min )
GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
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min )
Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
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A consumption tax is a tax on the purchase of a good or service; or a system taxing people on how much they consume rather than what they add to the economy (income tax).
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min )
See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
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min )
The Canada Mortgage and Housing Corporation (CMHC) is the national housing agency of Canada, providing mortgage loans to prospective home buyers.
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Return on Capital Employed (ROCE) is a financial ratio that measures a company's profitability and the efficiency with which its capital is employed.
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The London Interbank Bid Rate is the average interest rate at which major London banks bid for eurocurrency deposits from other banks in the interbank market.
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min )
An accredited investor has the financial sophistication and capacity to take the high-risk, high-reward path of investing in unregistered securities sans certain protections of the SEC.
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A profit-sharing plan, also known as a deferred profit-sharing plan (DPSP), gives employees a share in the profits of a company.
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min )
Discover some companies that serve as primary automotive parts suppliers for the Honda Motor Co. in the United States.
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min )
The present value interest factor of annuity is a factor that can be used to calculate the present value of a series of annuities.
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min )
Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
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A commodity market is a physical or virtual marketplace for buying, selling, and trading commodities. Discover how investors profit from the commodity market.
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Learn about the history of United Parcel Service Inc., and the shipping company's top institutional and insider shareholders.
( 22
min )
If you have a second mortgage as well as a primary, does it make sense to consolidate into a single loan? Here's how to decide.
( 23
min )
A banknote is a negotiable promissory note, which a bank can issue. Discover more about them here.
( 22
min )
The American Insurance Association (AIA) was a property-casualty association that merged with the Property Casualty Insurers Association of America (PCI) in 2019.
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min )
Consumer durables, also known as durable goods, are consumer goods that do not wear out quickly and therefore do not have to be purchased frequently.
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Unfortunately, predatory lease agreements are common. As a renter, here are five red flags to watch for when shopping for a new apartment.
( 22
min )
Find out how aggregate demand is calculated in macroeconomic models. See what factors can cause the aggregate demand curve to shift left or right.
( 22
min )
Though many of today’s video games are not educational, there are still opportunities for kids to learn about money while playing for fun.
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min )
Labor market flexibility allows companies to make decisions about their labor force in response to market changes and to help boost production.
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min )
An Associate in Loss Control Management (ALCM) was a professional designation offered by the Insurance Institute of America (IIA).
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min )
A revoked IRA is a retirement savings account that is canceled by the account holder seven days or less after it was established.
( 23
min )
Economists' crystal balls are pretty cloudy when looking at the rest of 2023 amid conflicting data, with many seeing a slowdown ahead while differing on whether we’ll get a recession.
( 18
min )
The 2023 Supreme Court affirmative action decisions (Harvard & UNC) exclude using race as a factor in college admission policies. Whether this would result in color-blind admission policies or numerous lawsuits over opaque procedures remained to be seen.
( 21
min )
Learn about robo Roth IRAs and if you should consider using a robo-advisor to manage your Roth IRA.
( 23
min )
Like most companies, the major U.S. stock markets are open for trading on normal business days only.
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min )
Political economy is a branch of the social sciences that focuses on the interrelationships among individuals, governments, and public policy.
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More traders are placing bets on market volatility than at any point since the outbreak of COVID-19, potentially a sign of uncertainty bubbling below the surface of a buoyant market.
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min )
Learn who the top 10 billionaires in the world are and how they built their wealth.
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min )
The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.
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(Bloomberg) -- International Business Machines Corp. is prioritizing helping Japan’s chipmaking startup Rapidus Corp., with a senior executive describing the budding foundry business as vital to securing long-term global supply.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsRapi
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min )
(Bloomberg) -- Oil was little changed as the second half kicked off, with traders focused on challenges to demand and a complex supply outlook.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsBrent crude held above $75 a barrel after capping a string of four quarterly losses last
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min )
The Gemini cofounder cited his decade-old filing for a spot Bitcoin ETF-like trust, also rejected by the SEC.
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min )
Without his critical work, we wouldn't have rechargeable lithium-ion batteries and all the products that are powered by them. Another story you might have missed was a feature article about Porsche and how CEO Oliver Blume thinks the company can achieve greater profit margins and push into the luxury segment. After a series of deadly fires, New York City is getting a $25 million emergency grant from the federal government to fund the installation of 170 micromobility charging and storage stations in 50 locations.
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min )
Tesla's second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions. Tesla's sales were better than Wall Street expectations.
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min )
Chamath Palihapitiya warned of “deeply inexperienced” VCs who “don't even know how to ask the basic questions.”
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min )
Tesla delivered 466,140 vehicles in the second quarter of 2023. Wall Street was looking for roughly 445,000 to 447,000 units.
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When choosing where to set aside money for retirement, you need to weigh your options carefully. You're likely going from one main income source to multiple smaller income sources when you retire. You may also want buy some security for your … Continue reading → The post Life Insurance vs. Roth IRA: Retirement Guide appeared first on SmartAsset Blog.
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Health insurance doesn't cover your teeth. Your teeth can cause pain, get infected and need treatment, just like any other part of the body. But when it comes to actually getting treatment the standard health insurance doesn't cover it. Instead, you … Continue reading → The post Dental Savings Plan vs. Insurance: Pros and Cons appeared first on SmartAsset Blog.
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Contributing after-tax dollars to a 401(k) might appeal to you if you'd like to be able to withdraw funds tax-free in retirement. Should you decide to leave your job you might be wondering if it's possible to roll over an … Continue reading → The post How to Convert After-Tax Dollars From 401(k) to IRA appeared first on SmartAsset Blog.
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min )
Meat and dairy companies could face higher feed costs, while grain shippers and farm suppliers might reap gains.
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If you want money or assets to go to a specific person after your death, you need to specify that in writing. An estate planning attorney is key to this process.
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Americans believe they will need $1.27 million to retire comfortably, according to the latest set of findings from Northwestern Mutual's 2023 Planning & Progress Study. That number continues to increase, up from $1.25 million reported last year. High-net-worth individuals – those with more … Continue reading → The post Americans' Magic Number for Retirement Rises to $1.27 Million appeared first on SmartAsset Blog.
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(Bloomberg) -- Chinese President Xi Jinping’s elevation of a long-serving technocrat as the central bank’s top Communist Party official signals policy makers will avoid any drastic shifts for now as the world’s second-biggest economy struggles to regain momentum.Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysFrench Riots Over Killing Start to Ease as Economic Costs MountTaylor Swift Is Making M
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min )
Typicpally known for his genial disposition, Jeremy Hunt is taking no prisoners when it comes to banks’ treatment of savers.
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min )
The A.I. 'hype curve' could be nearing its peak and investors expecting the 'greatest thing since sliced bread' may end up disappointed.
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Saudi Arabia plans to deepen its collaboration with Hong Kong, using the city as the bridge to mainland China to spur its transformation under the Vision 2030 economic plan, said the minister in charge of the kingdom's digital infrastructure. Key areas of collaboration with Hong Kong include fintech, technological entrepreneurship and strategies to attract the funding of venture capitalists (VC), said the Saudi Minister of Communications and Information Technology Abdullah Al-Swaha. Health scien
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The shares have suffered their worst first-half performance relative to nonpayers since 2009.
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The electric-car maker is expected to release second-quarter global deliveries amid stiffening EV competition.
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The Japanese stock market is roaring again as companies known for amassing cash hand it back to shareholders via dividends and buybacks.
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The S&P 500 has risen on the final day of trading before the holiday in 67 of the last 95 years, according to Dow Jones Market Data.
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Het kabinet wil voor 2030 ruim 900.000 woningen gebouwd hebben. Daarvan zouden er volgens de Woonbond 350.000 sociale huur moeten worden. En niet 250.000, zoals nu is afgesproken. Daarnaast wil de bond dat er miljarden extra geïnvesteerd worden in nieuwbouw.
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min )
Olie- en gasconcern Shell handelt nog altijd in Russisch gas, hoewel het bedrijf had toegezegd daarmee te stoppen. Dat meldt activistengroep Global Witness, die gegevens over grondstoffenhandel heeft geanalyseerd.
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Toonaangevend zijn kan ook nadelen hebben. Dat heeft chipmachinefabrikant ASML de afgelopen tijd gemerkt. Het Veldhovense bedrijf mag al een tijdje zijn geavanceerdste machines niet meer verkopen aan China en daar komen in september extra beperkingen bij.
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Toonaangevend zijn kan ook nadelen hebben. Dat heeft chipmachinefabrikant ASML de afgelopen tijd gemerkt. Het Veldhovense bedrijf mag al een tijdje zijn geavanceerdste machines niet meer verkopen aan China en daar komen in september extra beperkingen bij.
( 5
min )
Een Canadese vastgoedbelegger heeft eerder deze week 6.900 huurwoningen in Nederland te koop gezet. Wat betekent dit voor de huurders, en voor de Nederlandse huizenmarkt?
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min )
Na twintig jaar soebatten komt er vandaag eindelijk een nieuw pensioenstelsel. Hierbij krijgen we allemaal persoonlijke potjes en veranderen pensioenen sneller op basis van beleggingsresultaten. Maar het is nog een overgangsfase. Stap voor stap belandt iedereen in het nieuwe pensioenpotje.
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